HFT Players Struggle to Survive
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1. Not As Easy As It Looks
There was this mythology that you could get 90 computers, some Harvard Ph.D.'s and you would turn on your machines and make money. It's just not the case.
-- Douglas Cifu, president of HFT player Virtu Financial
Source: New York Times: High Speed Trading No Longer Hurtling Forward
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio
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