Tag Archives: high-frequency trading; Citigroup; trading volume; market making; statistical arbitrage; Flash Crash; Knight; Getco; Steve Swanson; Midas; wash trading; momentum trading

How the Robots Lost: High-Frequency Trading’s Rise and Fall

    Steve Swanson was a typical 21-year-old computer nerd with a very atypical job. It was the summer of 1989, and he’d just earned a math degree from the College of Charleston. He tended toward T-shirts and flip-flops and … Continue reading

Posted in Business, CFTC, Equity Markets, Flash Crash, High Frequency Trading | Tagged | 1 Comment