Monday, October 15, 2012
High-Speed Trading No Longer Hurtling Forward
From the NYTimes: High-frequency trading firms — the lightning-quick, computerized companies that have risen in the last decade to dominate the nation’s stock market — are now struggling to hold onto their gains………
Profits from high-speed trading in American stocks are on track to be, at most, $1.25 billion this year, down 35 percent from last year and 74 percent lower than the peak of about $4.9 billion in 2009,……………………………………………………………………………………………………….
More? Check out http://www.nytimes.com/2012/10/15/business/with-profits-dropping-high-speed-trading-cools-down.html?pagewanted=all
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