The FIA Information Technology Division brought together a panel of expert practitioners on Sept. 1 to discuss high-frequency trading, explore common misperceptions about its impact on the exchange-traded markets, and explain its role in providing liquidity. The speakers were Richard Gorelick, Chief Executive Officer, RGM Advisors; Peter Nabicht, Chief Technology Officer, Allston Trading; Dean Payton, Managing Director, Deputy Chief Regulatory Officer, CME Group; and Don Wilson, Chief Executive Officer, DRW Trading Group. The discussion was moderated by John Lothian, President and Chief Executive Officer, John J. Lothian & Co.