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Algorithms’ influence grows on Wall Street

Equity analysts, including Valerie Bogard of TABB Group, say that algorithms are rapidly taking over. It is the driving force behind the US stock market. With Bogard saying they may now be used in as many as 90% of securities transactions. However, the adoption of algorithms in high-frequency trading has attracted criticism. Notably,  for its lack of transparency and potential for “spoofing.”

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