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high speed trading

A Call to Pull Reins on Rapid-Fire Trade

"Thomas Peterffy, chief executive of Interactive Brokers Group Inc., says computer-driven high-speed trading firms have made the market less efficient—and less safe.

"While a number of Wall Street traders would agree, this argument may seem surprising coming from the 67-year-old Mr. Petterfy: He is widely considered the father of computer trading, a position that has made him a billionaire several times over."