Knight Capital CEO: High-frequency traders benefit all

01/6/2013 | Wall Street Journal, The

High-frequency traders are essential to the workings of the markets because of the liquidity they provide, Knight Capital Group CEO Tom Joyce writes in this letter to The Wall Street Journal. Joyce argues that it's wrong to blame high-frequency traders for market issues such as the May 2010 "flash crash" or the disappointing Facebook initial public offering.

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Wall Street Journal, The

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