Derailing the High-Speed Trading Bullet Train Before It Crashes Our Economy

    On the afternoon of May 6, 2010, the Dow Jones Industrial Average suffered its fastest nosedive ever. Within minutes, a trillion dollars in wealth went “poof.”

    What happened?

    What actually set it off remains in dispute. Yet we do know that high-frequency traders, relying on computers programmed to make trades at speeds measured in the millionths of seconds, accelerated the freefall by withdrawing from the market en masse.

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