After news broke that Fidelity would be working to help build a new trading venue that might address many of the market structure concerns that are flooding the news media after the recent Michael Lewis book Flash Boys, CNBC analysts discussed how the nature of high-frequency trading can be altered to create a fair market.
The nature of the markets themselves have suddenly been placed under a microscope, raising serious questions about the speed at which data flows through markets. But are the markets "rigged," as Michael Lewis claims? The answer may be more complicated, and this issue doesn't appear to be on the verge of getting laid to bed anytime soon.
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