In defense of flash trading

posted by
October 30, 2011
Ludwig von Mises Institute
by James E. Miller  
Posted in Commentary

"It's fascinating to watch footage of a trading floor on Wall Street. Here men and women spend hours with their eyes glued to computer monitors while furiously calculating trades that often yield small profits or minimal losses. In the case of Swiss bank UBS trader Kweku Adoboli, it can result in a $2 billion loss and an unfortunate incarceration." (10/28/11)  

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