Dark Pools, Clear Results

SPECIAL REPORT

Algorithmic trading is doing more for Lou Morgan than offering fast and efficient trading strategies. As head trader for HG Trading, a boutique investment firm in Heartland, Wisconsin, he can measure the performance of his staff and their initiatives in real time. If a trading strategy is failing, he and his team can bail out and start anew at a moment's notice.

There is no need for phone calls or faxes to his sell-side counterpart at Essex Radez, based in Chicago, which provides HG Trading with

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