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How High Frequency Trading Works

Some say it rigs the markets in favor of the big guys. Others say it makes the markets operate more efficiently. But how does it really work?

Some say it rigs the markets in favor of the big guys. Others say it makes the stock markets operate more efficiently. But how does high frequency trading really work?

Sources: Flash Boys: A Wall Street Revolt, by Michael Lewis; The New York Times; Atlantic Monthly; CNBC; Mother Jones; Forbes; NYSE.