Eurex Publishes Report In Praise of High-Frequency Trading

Eurex published the attached report on High-Frequency Trading (HFT). In the report, Eurex asserts that HFT is a "natural reflection of competition between market participants using the advances in computer technology." The report discusses background, issues, and regulation of HFT using the following outline.

• How do you define high-frequency trading (HFT)?
• What are the most common HFT strategies?
• Why is the speed so important?
• What is the impact of HFT on market quality?
• Do HFT users cause volatility?
• Why are there critical voices on HFT from institutional investors?
• How do HFT firms (re-)act in critical times?
• How do regulators deal with HFTs?
• What impact does the German HFT Bill have for HFTs?