Peter Lattman:
"The controversy over the Thomson Reuters practice highlights the prevalence of high-speed trading in the nation’s financial markets. More than half of all American stock trades are now executed by firms that rely on computer algorithms to execute thousands of orders a second. These traders can get an edge by obtaining market data even milliseconds before their rivals."Damage done. This is damage control. Credibility at stake.
Business reputation takes hard gut-hit.
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