High-Frequency Trading Worries Are Fading, Convergex Finds
This article is for subscribers only.
The fever may have broken when it comes to criticism of the U.S. stock market.
Convergex Group LLC, a New York-based brokerage, recently repeated a survey it conducted last year in the aftermath of Michael Lewis’s “Flash Boys,” a book that argued trading is rigged. This time, the proportion of financial professionals who said the market isn’t fair to all was 57 percent, a drop from 70 percent almost a year ago. The belief that high-frequency trading is harmful fell to 36 percent from 51 percent.