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The European Climate Exchanges average daily trading volume totalled 19,300 contracts in September, a rise of 63% from a year earlier. Each contract represents 1,000 tonnes of carbon dioxide emissions.
ECX said...
“Not all algo trading is HFT, but all HFT is algo trading. We shouldn’t throw the baby out with the bathwater when choosing to regulate HFT.”
CME's Bob Ray at Derivatives World London 2010