Mark Cuban has been tweeting up a storm following CNBC's interview with Manoj Narang, founder and CEO of Tradeworx, a high-frequency trading company.
Cuban told Scott Wapner the segment was “not his best interview,” and also pointed out Narang, who referred people the the SEC website, also wrote the software the SEC uses.
Market News and Data brought to you by Benzinga APIs. @cnbc didn't your guest that referred people to the sec website re hft also write the software the sec uses for the website?
— Mark Cuban (@mcuban) April 1, 2014
Cuban himself was interviewed by CNBC on Monday. Needless to say, he is not a fan of high-frequency trading.
Front-running and scalping are not the biggest problem related to high frequency trading -- flash crashes are, Cuban tweeted on Tuesday.
.@cnbc Brad Katsuyama said another flash crash was possible.No one asked him why.This is a far bigger issue than scalping. #NesteggvsPennies
— Mark Cuban (@mcuban) April 1, 2014
High-frequency trading has been under the microscope after 60 Minutes did a segment the release of Michael Lewis' new book, Flash Boys.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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