21.10.2013 - Norway wealth fund cautions against costs exacted by high-speed trading
Despite being one of the largest single investors in the world, Norway’s sovereign wealth fund rarely makes waves. Now, though, the $750 billion fund is preparing to raise its voice on a sensitive topic: the increasing computerization of the stock markets and the costs it has imposed on big long-term investors. Wall Street firms and exchanges have long said that the speed and competition in the markets has made trading cheaper for everyone. Mary Jo White, the chairwoman of the Securities and Exchange Commission, recently referred to the United States stock market as the “envy of the world.”..............................................Full Article: Source
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