Sep 25
A week ago, the Federal Reserve announced something or another about bonds, a move that sent the bond market into a frenzied orgy of bond loading and unloading. So what, right? The markets quiver whenever the Fed does anything. Well, weirdly, it appears the information got out five milliseconds early. Which wouldn’t matter, except that those tiny fractions of seconds are a lifetime to the high-speed trading computers that run our markets.
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