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Who Speculators and High Frequency Traders Really Are

Dr. Craig Pirrong discusses his views on regulation, speculation and high frequency traders in this video interview by CME Group.

Pirrong provides interesting insights on the following at a time when speculators are being blamed for increasing prices in global commodities. He discusses:

• Why everyone is a speculator in one way or another
• Speculation as means of allocating capital
• High frequency traders as automated locals
• How OTC and exchange-traded futures often work together in complementary way

Pirrong is Director of Energy Markets, Global Energy Management, and a noted expert on energy trading.

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