Stock traders find speed pays, in milliseconds - CNET News
Remember when macro software was just for MMORPGs?
Thousands of trades made and canceled electronically in milliseconds, thanks to a loophole that allows certain people to look at other people's trades in advance. They find the highest price those pending trades will bear, and sell their own shares at that price. Higher prices for regular traders with no chance for them to react.
Remember when macro software was just for MMORPGs?
Thousands of trades made and canceled electronically in milliseconds, thanks to a loophole that allows certain people to look at other people's trades in advance. They find the highest price those pending trades will bear, and sell their own shares at that price. Higher prices for regular traders with no chance for them to react.
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