“Andy Brooks and Gus Sauter have been managing funds at two of the nation’s best-known investment firms for decades, but they can’t agree on what to make of the Wall Street phenomenon of high-frequency trading.
Brooks, head of U.S. equity trading at Baltimore-based T. Rowe Price, sees the high-speed traders as a nuisance, even a threat. Sauter, chief investment officer at the Vanguard Group, sees them as beneficial to all investors…”
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