HFT

High speed stock trading using supercomputers and specialized algorithms - a step aside from hip-hop and knife fights. It's good to know that wall street, after pulling off their latest trillion dollar scam, has been milking the market in another un-regulated way.

Ars has a great write-up outlining what "high-frequency trading" is and how it works.

Paul Krugman also has something to say about it.


Gordon Gekko would be proud.

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