U.S. Trading Systems At Crossroads, Experts Say; Technology Can Reduce Risk, Improve Market Efficiency
THIS WEEK'S LEAD STORIES
Using computers to determine when to buy and sell securities while executing trades manually is a bit like using computers to calculate how far to move the slide on a slide rule, according to market structure guru Junius W. Peake.
Peake warns that securities industry leaders who are fond of saying, "If it ain't broke, don't fix it" should keep in mind that many slide rules still work, but they're sitting in desk drawers.
"Just because something works doesn't mean that it isn't approaching
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