Wolf of Wall Street

Posted by Financial Mail on 12 June 2014

By Gillian Jones

HIGH-frequency computerised trading has been cast as the villain of Wall Street, just as the JSE launched its co-location centre allowing faster access to its markets.

Michael Lewis's latest book Flash Boys: A Wall Street Revolt draws attention to how extreme speed offered by high frequency trading (HFT) in the US allows unscrupulous traders to use microseconds to make money at the expense of slower investors.

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