High-frequency traders ramp up efforts

02/3/2010 | Financial Times (tiered subscription model)

More groups of high-frequency trading are applying to become members of some of the largest stock exchanges in the world, including the London Stock Exchange, NYSE Euronext and Nasdaq OMX. The trend highlights how such traders are becoming a larger force in global markets. "It's been a trend building over time. There's definitely been more outreach by some of the high-frequency guys, especially some of the bigger ones, to become members," said Joe Mecane of NYSE Euronext.

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