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Clifford Asness and Michael Mendelson: High-Frequency Hyperbole


Beware of critics who are 'talking their book' about trading that lowers costs. A few nights ago, CBS's "60 Minutes" provided a forum for author Michael Lewis to announce that Wall Street is "rigged" and for the sponsors of a new trading venue called IEX to promise to unrig it. The focus of the TV segment was high-frequency trading, or HFT,

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Posted: April 1, 2014 Tuesday 07:23 PM