I have the pleasure to inform you about a recent speech (4th July 2012) given by Deutsche Bundesbank Executive Board Member Dr. Joachim Nagel at the TradeTECH DACH conference in Frankfurt, Germany. The speech's topic was "High frequency trading and market implications - an assessment from a central bank perspective". In covering the complex topic of HFT and its pros and cons, the Deutsche Bundesbanks market division is also following and appreciating your work at NANEX. The preparation of the speech has benefitted greatly from the extensive data, graphics and analysis on your website. We also took up some of your ideas and arguments and, being similar to our own views, implemented them into the speech. Similar to the BoE speech "Race to zero" by Mr. Haldane in 2011, we would like to offer you the placement of the speech on your website. If you are interested, please feel free to contact us and we will be glad to send you the speech. Best regards and keep up the good work!