Friday, May 07, 2010

High-Speed Trading Glitch Costs Investors Billions - NYTimes.com

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The glitch that sent markets tumbling Thursday was years in the making, driven by the rise of computers that transformed stock trading more in the last 20 years than in the previous 200.

The old system of floor traders matching buyers and sellers has been replaced by machines that process trades automatically, speeding the flow of buy and sell orders but also sometimes facilitating the kind of unexplained volatility that roiled markets Thursday.

High-Speed Trading Glitch Costs Investors Billions - NYTimes.com

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