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CME and DeutscheBorse

Don’t believe the press.  They are chatting.  But, exchanges always chat.  It goes back to the 1980′s with all the meaningless “memorandum of understandings” exchanges did with each other before they...

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Innovation Should Make It Better

In the high frequency trading debate (HFT), proponents of HFT always trot out the same old meme’s.  “But, when it was floor traded the people on the floor had an advantage.”  Or, “Anyone can buy...

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