Tabb says fast trades unfairly blamed in oil price drop

摘要

Washington—Regulators and lawmakers may have been too quick to blame high-frequency trading for the September 17 late-day selloff in petroleum futures, Larry Tabb, founder and CEO of TABB Group, said September 20. “Markets are complex,” Tabb said on the sidelines of a US Senate Banking Committee hearing on computerized trading. “There’s a lot of buying interest and a lot of selling interest, and if something all of a sudden gets in the way of one or the other…you wind up with these air pockets.”