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High-Frequency Trading Hits a Wall

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THE FAD IS OVER
"Someone leaves a high-frequency trading shop to start a new one," Direct Edge ECN executive Bryan Harkins told Traders Magazine. "You do a meeting [with them] and they say 'We're going to do 100 million shares a day.' You get all excited with the next big account and then six months later they're struggling to stay in business." About half of Direct Edge's volume comes from high-frequency trading firms, Harkins said.
SOURCE:   Traders Magazine

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