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...impossible to say whether the Stasi's fears of Michael Jackson were justified. But two decades later, Checkpoint Charlie is a museum, the Wall all but gone, and Berlin Mitte, the city center, has been returned to shopkeepers, restaurants and offices. Maybe the power of pop had something to do with...
...Chicago, employ special proprietary algorithms to interpret the data and execute transactions - all in less time than it takes a human to conjure a thought. Already, various forms of high-frequency trading, taken together, account for more than half of all trading now taking place in the U.S. Critics say the practice can raise the cost of trading for typical investors and contributes to market volatility. (See pictures of 10 scared stock traders...
...professor of accounting at Columbia University and an expert on financial disclosure, agrees that firms that co-locate are at a huge advantage because as exchanges are charging for the service, it can't be considered equal access, even if the service is being offered to everyone. "To say that all high-frequency trading is bad and should be banned is an overreaction, but if preferred access is being sold, that is a problem that should be addressed," he says...
While critics of co-location cry foul, reps from the NYSE say co-location is common and fair and that all exchanges charge for similar services. The exchange doesn't consider it special access because any firm that wants to can pay the fee and co-locate. Furthermore, firms that co-locate aren't at much of an advantage if they don't know how to program their computers with the algorithms that will ultimately keep them ahead of the crowd. (See 10 ways your job will change in the coming decade...
...said he was in Ukraine on a pilgrimage to promote spiritual unity. But his critics say he was on a mission from the Kremlin to buttress Moscow's influence over its neighbor...