HFT pushes market higher after Fed release

09/20/2013 | CNNMoney

The announcement by the Federal Reserve that it would not be tapering its bond-buying program brought a corresponding near-instantaneous reaction from high-frequency traders, pushing the market higher. HFT algorithms reacted to the announcements faster than humans could parse the information about the lack of taper, which was revealed in the third paragraph of the announcement, according to experts.

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