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SEC Moves to Ban Lightning-Fast Trading

Flash orders let big investors buy and sell in milliseconds, harming slower traders

By Jason Farago, Newser Staff

Posted Sep 18, 2009 5:16 AM CDT

(Newser) – The SEC is seeking a ban on the financial technique known as flash orders, a controversial method in which powerful computers survey other investors' trades and adjust strategies within milliseconds to turn a profit. SEC head Mary Schapiro said that flash orders "may create... Read full story »

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SEC Moves to Ban Lightning-Fast Trading

Flash orders let big investors buy and sell in milliseconds, harming slower traders

stock market • SEC • stock exchange • SEC commissioners • investor • Mary Schapiro • high-frequency trading

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Eight employees got disciplined, however

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