Wednesday, June 8, 2016
Roubini : Markets are illiquid, with few transactions
"In equity markets, high-frequency traders (HFTs) ... account for a larger share of transactions," he said. "Indeed, trading in the U.S. nowadays is concentrated at the beginning and the last hour of the trading day, when HFTs are most active; for the rest of the day, markets are illiquid, with few transactions."
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics