Happy Anniversary to everybody who made the Flash Crash happen. We hope you are enjoying yourself. Because we, and millions and millions of other retail and institutional investors around the world, are not.
— Sal Arnuk, an outspoken critic of high frequency trading and partner, co-founder and co-head of equity trading at Themis Trading, in a letter to clients.
Source: Wall Street & Technology
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio