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Everything You Need to Know About High-Frequency Trading

The stock market isn’t rigged, but it is taxed.

It always has been. As Justin Fox points out, for as long as people have been trading stocks, there have been middlemen taking a cut of the action. Now, that cut has gotten smaller as markets have gotten bigger and more technologically-advanced, but it’s still there.

via Everything You Need to Know About High-Frequency Trading – Matthew O’Brien – The Atlantic.

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