Not all good news in the world of HFT, the president of Infinium Capital Management says it has started reducing its trading portfolio “across the board”:
- The firm has traded in commodities, energy and other markets, but is “actively looking to reduce” its risk, with traders reporting that the firm was exiting positions in commodity markets
- Firm president Mark Palchak “declined to say why Infinium was reducing risk or which markets it was exiting. He initially said the firm was not closing its energy unit and then said he could not comment on the matter.”