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To: M1903A1
[High-frequency trading that effectively games the exchanges is a comparatively recent phenomenon, within the last few years.]

I understand. I was referring to autonomous computers for trading in general. I remember a year or two ago Goldman went after some Russian national who had designed and patented one of their systems. It incorporated multiple telephone switches. The guy ran off with the schematics and copies of the software. They caught him and he was indicted. But the story gave a glimpse of how these systems could issue then cancel orders in a millisecond.

24 posted on 10/08/2012 8:45:06 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Brad from Tennessee

Seems to me that event was what brought HFT to light in the first place.


26 posted on 10/10/2012 11:44:01 AM PDT by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy... and call it progress")
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