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07-25-2009
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Stock Traders Find Speed Pays, in Milliseconds
by CHARLES DUHIGG New York Times It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices.* It is called high-frequency trading — and it is suddenly one of the most talked-about and mysterious [...]
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