Thursday, May 5, 2011

High-Speed Traders Exit

Thursday, May 5, 2011

When stocks collapsed in a free fall last May, the fear was that the market had been taken over by high-speed computers that had run amok.

A year after the "flash crash," which saw the Dow Jones Industrial Average plunge 600 points in less than 10 minutes, the stock market is a much quieter place.

Companies that use fast-trading, computer-driven strategies, which were painted by some as culprits of the collapse, have curtailed trading. So, too, have many long-term investors, for whom the trauma of that May 6 afternoon was the final straw after a decade of stock-market turmoil. In ...

Powered By | Full Text RSS Feed | Amazon Plugin | Hud Settlement Statement


Post a Comment