As reported by Waters Technology’ James Rundle, although the industry has yet to feel the full force of upcoming regulations, vendors and standards bodies say that for high-frequency trading (HFT) rulemaking, there must be extensive dialogue between participants and regulators.

“You do get very emotional statements about whether high-frequency traders are speculators,” says Chris Pickles, head of industry initiatives at BT. “They are trying to move away from that, because investment firms have been trying to explain to regulators what this is about, and regulators themselves are therefore caught between two sides: one is the financial market participants, and the other is the governmental masses, who tell them in which direction they should be going. So getting that clarity first, and taking the time to explain to regulators what this is all about is a critical factor for investment firms.”

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