HFT Scan: L&T and Indus Towers in focus of algo traders
Fri, Feb 2, 2024 11:39 AM

HFT Scan: L&T and Indus Towers in focus of algo traders

A Flip by Avya Verma
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High frequency trading firms were active in L&T, Indus Towers, and India Cements making some fast money by flipping trades in seconds on February 1. All the stocks closed lower. High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds. These firms typically try to capture the spread between the spot.

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