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Institutions Confront ‘Illusion of Control’ Over Orders

Traders Magazine Online News, February 28, 2013

Tom Steinert-Threlkeld

Once institutions press the “send” button on their broker-supplied algorithm the order can be routed in “ways that may not be in your economic best interest,’’ according to Justin Schack, managing director of Rosenblatt Securities, the agency broker.

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