Why High-Frequency Trading Doesn't Compute – Barron's

Wall Street is no autobahn. Traders pushing pedal to the metal risk hurtling into the Buttonwood Trees. Knight Capital’s $440 million computer-generated smash-up this month is the latest sign that the world’s most important financial superhighway, where trades take place in less than the blink of an eye, sorely needs a speed limit. Michael Goldstein, a professor of […]