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High-frequency trading is a recipe for disaster (access required)

Dear Mr. Berko: Would you please tell me what high-frequency trading is and how it works? An engineer friend of ours tells us that this kind of trading could hurt the stock market if left unchecked. Is our friend being an alarmist? --JH, Elkhart, Ind. Dear JH: I think your friend may be underestimating the potential damage. ...

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