HFT Chiseling — How Quaint

  • Published: September 18th, 2009
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… While these advantages are measured in milliseconds rather than minutes, both high-frequency trading and flash orders enable certain investors to chisel a profit between bid and offer — the same abuse of inside market information and access that the S.E.C. tried to eliminate four decades ago. Now, traders have simply found different ways to tilt the playing field, … – David Silver, a former senior staff lawyer at the SEC, NYT1

Next week I’m workshopping "Aleynikov Blues" at Halifax’s Dublin St. Poetry Club.  The above should help my colleagues figure out what I’m talking about.

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[1]: "A Short History of Fast Times on Wall Street", by David Silver, New York Times, September 17, 2009. (& today’s, 18th, print edition)

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