Fink Doesn’t Believe BlackRock Hurt by High-Speed Trading

BlackRock Inc. (BLK)’s Laurence D. Fink said he doesn’t think the world’s largest money manager has been hurt by high-frequency trading, despite “disturbing” allegations about the practice.

“I do not believe we have been harmed in terms of high-frequency trading, but I may be wrong” Fink, the 61-year-old chief executive officer of New York-based BlackRock, said today in a telephone interview. “What we do focus on is making sure that we remain a sophisticated market participant on behalf of our clients.”

To contact the reporters on this story: Alexis Leondis in Washington at aleondis@bloomberg.net; Mary Childs in New York at mchilds5@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net Sree Vidya Bhaktavatsalam

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