High-Frequency Traders Descend onto Forex Markets | Currency Futures

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High-Frequency Traders Descend onto Forex Markets

  #17 (permalink)

Posts: 3 since Aug 2011
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In theory, HFT is easier with forex than with stocks or futures. All the stock HFT guys are in the Nasdaq building and competing with each other. Same with the futures guys in the CME building. Forex doesn't have a building but the banks all trade through the same network (SWIFT?). If you opened broker-dealer accounts with a number of banks ($5M a pop) and set up a server near the data hub (Virginia for SWIFT), you'd see the bids/offers ms. before the NY banks and you could easily front-run them.

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