Financial Trading, Now at the Speed of Light
By siliconindia   |   Wednesday, 09 November 2011, 01:36 IST
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High frequency trading activity is practiced more in U.S. and in lesser degrees in Europe. But due to certain taxes that are imposed on financial transactions in the East Asian countries, high frequency has not yet made inroads there.
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About 60 percent of U.S. stock trades daily come from firms that rely on fast-paced executions, according to Tabb Group LLC. Automated programs carry out about 25 percent of Indian orders currently, Sayee Srinivasan, head of product strategy at Asia's oldest bourse, said in an interview to Bloomberg. With the adoption of high frequency trading in India's $1.5 trillion, stock market may double to half of all orders within three years as demand for speedier execution surges, according to the Bombay Stock Exchange.

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