Fed paper advocates slower trading

05/21/2013 | Wall Street Journal, The

A paper to be presented this week at the Federal Reserve Bank of Chicago calls for stock trades to be uniformly executed every half second in order to blunt the impact of high-frequency trading. "Within the last 10 years, financial markets have decided to abandon the premise that financial markets should be oriented toward human beings," said the paper's author, John McPartland, a senior policy adviser at the Chicago Fed.

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