Modern Markets Initiative Asks, Whats in a Name?

Modern Markets Initiative is looking to change the perception of high-frequency trading (HFT), starting with the ubiquitous term, HFT, and what it means. Or doesnt mean.

And what about the recently coined term, PTF?

So, whats in a name? And where has it come from?

It has been more than a week since the release of the joint staff report, Modern Markets Initiative is a market advocacy effort andf group organized by several quantitative and high-frequency trading firms.

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