My comments are not to be taken as trading advice, not a financial advisor
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Moscow Exchange to install 'speed bumps' to smooth out FX trading
The Moscow Exchange (MOEX.MM) will introduce “speed bumps” on part of its currency market to reduce the advantage high-frequency traders have over other players, the bourse said on Tuesday. The Moscow Exchange, Russia’s leading trading platform by its number of clients and turnover, said it would launch the new system on Nov. 25 for the dollar-rouble and the euro-rouble foreign exchange pairs on its spot market. High-frequency trading uses powerful computers to execute a large number of orders within fractions of a second, based on algorithms to analyze the market. Critics say it gives big institutions which ... (full story)