Great 60 minutes interview with Michael Lewis who explains how investors are disadvantaged without access to high-frequency trading technology. Lewis explains how an extra millisecond allows high-frequency traders to exploit computerized trading in the U.S. stock market. By "beating" investors to exchanges, Lewis argues that high-frequency traders can buy stocks and quickly sell them back at higher prices.
High frequency trading is providing an unfair advantage
March 31, 2014
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