HFT adds value to the forex market, says Bank of England

Bank of England building in London

High-frequency trading (HFT) in foreign exchange should continue to be carefully monitored, but the controversial practice adds value to the market and should not be viewed with alarm, a senior official at the Bank of England (BoE) has argued.

“Some banks and others do have strong feelings about HFT in foreign exchange, but I haven’t seen any evidence yet that it is a bad or dangerous trend. And clearly, there is some value as it seems to have become part of the mechanism for moving liquidity ar