Dark pools of dark money roam the financial ecosystem looking for quick kills. Using sophisticated computer algorithms, traders place thousands of orders per second, only to reverse them a few moments later. Sometimes these forays are not designed to actually buy shares, but only to test the market and glean information about rivals. Traders scramble to gain the advantage by moving their computers next to the stock exchange’s own servers, thus cutting transaction times down to millionths of a second. More than to beget money
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WITHOUT END
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