We were recently made aware of a certain brokerage firm’s newsletter, in which they try to downplay the market structure shenanigans that have been happening with increasing frequency. They claim that clients are asking them whether tech glitches, hiccups, mini flash crashes, and broken trades are happening much more often, or if it only seem that way due to more media coverage. Their answer to those clients is that it only seems that way, as media and pundits focus attention on it, and they scare people unnecessarily.
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