Risk Magazine – Client list reveals HFT dominance on BrokerTec

Risk Magazine – Client list reveals HFT dominance on BrokerTec
The list – obtained by Risk – shows eight of the top 10 firms ranked by volume on BrokerTec over May and June were non-banks, with a big contingent of HFT specialists. These firms racked up trades with a notional volume of almost $7 trillion during the period, or 85% of the volume executed by the top 10 firms.  Topping the list (see below) are three Chicago-based firms – Jump Trading, Citadel Securities and Teza Technologies – which between them accounted for 51% of the volume executed by the top 10 firms.