1/24/2013

High-frequency trading may be holding back the economy, Rep. Ed Markey, D-Mass., argues. "There is a real risk that algorithmic trading is making investors hesitant to re-enter the equity markets because they fear that the entire game is rigged," Markey wrote in a letter to the Securities and Exchange Commission that urges the agency to institute "rules that restrict or eliminate the practice." But Liquidnet CEO Seth Merrin says a better option might be for the SEC to make "an HFT-free trading zone open to every investor."

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