First, there is a view that HFT has improved market liquidity as HFT players engage in "passive market making" against other investors by simultaneously placing a vast amount of "buy" and "sell" orders in order to exploit arbitrage opportunities on bid-ask spreads.
Ladies and gentlemen, you and I know that economic reforms and better governance have given momentum to our country’s economic growth that is now at levels regarded as among the fastest in Asia. However, we also need to ensure that across the country our people are able to identify, gain and prosper from opportunities that such development brings.