Critics assail industry-sponsored study on HFT

Walt Lukken: study shows HFT does not increase volatility

An industry-sponsored study that concluded high-frequency trading (HFT) does not increase volatility in futures markets has been attacked by critics, who say it does not provide the right evidence to support its findings.

Amid increased scrutiny of HFT, the Washington, DC-based Futures Industry Association (FIA) has sought to use the study to assuage concerns held by regulators, including the US Commodity Futures Trading Commission (CFTC).

"The futures markets have evolved dramatically over the