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Tradeworx founder Narang leaves high-frequency firm

To match Special Report HIGHFREQUENCY/  Tradeworx founder Narang leaves high-frequency firm 2015 01 13T204112Z 1 LYNXMPEB0C0SR RTROPTP 2 HIGHFREQUENCYBy Herbert Lash NEW YORK (Reuters) – Manoj Narang, an outspoken proponent of high-frequency trading and one of the industry's few visible faces, is leaving Tradeworx, a firm he founded in 1999 that only became active in high-speed trading during the financial crisis in 2008. Narang declined to spell out why he was leaving Red Bank, New Jersey-based Tradeworx, but said, "I had a few differences with the board about the direction of the company." Narang said there were no losses or expected losses at closely held Tradeworx, which he said has a bright future and where he remains a shareholder. …

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