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Five years ago, less than 25% of U.S. stock-trading volume was generated by high-frequency or algorithmic trading, with few considering it more than a niche strategy.. That percentage has since more than doubled even as...
Such is the takeway from two articles that ran in tandem on Friday in the New York Times and International Herald Tribune: Rivals Pose Threat to New York Stock Exchange and European Stock Exchanges Rattled by Upstarts.
Upshot is that the New York Stock Exchange, historically the greatest marketplace for...