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Algo Traders Main Flash Crash Victims, Market Maker RSJ Says

Traders Magazine Online News, October 4, 2013

Michael Winfrey, Peter Laca, and Lenka Ponikelska

Lightning-fast market plunges like the 2010 “flash crash” don’t hurt long-term investors and taxing algorithmic trading will drive the business from Europe, said the founder of RSJ AS, which trades a notional volume of $106 trillion in financial derivatives a year.

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