As long as there has been a Wall Street, there have been those seeking to skim a little (or a lot) off the top of the vast wealth changing hands in the markets each day. Though capital markets in America are by and large very successful at efficiently allocating resources from investors to deserving businesses, wherever there is great wealth, corrupt forces will seek to exploit it. For example, in the 1990s the Nasdaq stock exchange was embroiled in a price-fixing scandal in which securities dealers were found to be colluding to keep bid-ask spreads — or the difference between the prices at which a stock is bought and sold — high in order to bolster profits.
Top High Frequency Trading Event
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