❗Help close the gap: We still need to raise $40,000 by the end of March. Donate now
Codebreaker

Really quick trades

John Moe Oct 20, 2011

The inventor of automated trading, Thomas Peterffy, wants to scale back on high speed trading. He says it makes volatile markets worse, because high speed traders can jump in and out of the market at will, while firms like Interactive, the one he owns, are required to trade all day and stay in. “Mr. Peterffy has a solution: Require exchanges to hold orders for one-tenth of a second, while allowing registered market makers, such as Interactive, to trade at will.”

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.