MMI CEO in International Business Times: The Financial Transaction Tax

In the International Business Times, cited MMI in a story about the important role of HFT and how a financial transaction tax would have a negative impact on the market:  Firms using high-frequency trading techniques “have played an instrumental role in making markets more efficient for investors,” Bill Harts, CEO of the Modern Markets Initiative, an advocacy group for high-frequency traders. “Thanks to their technological capabilities, these firms are able to quote investors tighter prices to buy and sell stocks, which means they pay less to complete their orders. A loss of principal-trading firm activity will translate into higher costs for investors.” Read the article here