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"Fat Fingers", HFT, & Yesterday’s Stock Market

“Lurching From Port to Starboard” My favorite quotes assessing yesterday’s market action follow. (Note: ‘HFT’ stands for “High Frequency Trading”; “fat finger” refers to the rumor circulating that someone at Citigroup mistakenly entered a trade with “billion” instead of “million” entered.) Personally, I find it hard to believe that a clerical error could be the...
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