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The Trading Mesh

April 2014

Maybe markets are unfair, but are they rigged?

April 2, 2014 Comments (0)           

This article was originally published at the Fidessa blog, and is reproduced here with permission. By Steve Grob
The publication of Michael Lewis’s new book Flash Boys has reignited the whole HFT/dark pool debate (actually, maybe it’s never really gone away). The point people seem to continually miss in this debate is the distinction between “unfair” and “rigged”.
To me the term rigged implies some malevolent conspiracy between...