‘Putting a Speed Limit on the Stock Market’
October 24, 2013
In case you missed it, this article, Putting a Speed Limit on the Stock Market, was published in the NYTimes Magazine on October 8, 2013.
The rise of high-frequency trading is often told as a technology story. Hedge funds, Wall Street banks and other firms used increasing computing power to write ever-smarter, ever-faster trading algorithms; fantastically expensive fiber-optic lines were built to decrease transaction times by milliseconds. But the rise of high-frequency trading is also a result of the unintended consequences of regulation.