HFT hitting BRICS
Via Advanced Trading :
As regulators in the United States and Europe weigh the merits of new regulations to govern high-frequency trading, emerging markets have been methodically paving the way for the practice to expand within their borders.
In an interview with the BBC, Progress Software’s chief technology officer John Bates says said the practice of rapid-fire trading is quickly expanding in the so-called BRIC nations - Brazil, Russia, India and China.