(BN) High-Frequency Traders Say Speed Works to Everyone’s Advantage

Scalpuman at 12h01
28
Jul
2009
(BN) High-Frequency Traders Say Speed Works to Everyone’s Advantage

By Edgar Ortega, Jeff Kearns and Eric Martin
July 28 (Bloomberg) -- Frank Troise, the head of electronic equity trading products at Barclays Plc, says using computers to execute orders in milliseconds is no different than brokers jockeying for position years ago on the floor of the New York Stock Exchange.
"This has been going on for quite awhile, and it’s now at a fever pitch," says Troise, 43
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28/07/2009 at 12h01 by "Scalpuman"