Stunning: 1.5 Percent of ALL US Trading Pass Through This One Room

December 27, 2013 12:54 am

(From Alphaspotting)

It is common knowledge now, that high frequency trading contributes to more than 50 percent of all trading in the US stock markets. Here is a lesser known fact – 1.5 percent of all US trading happens from one such firm – Tradeworx –

“A pioneering high-frequency trading firm, Tradeworx, has its relatively humble offices two flights up from an Urban Outfitters in a sleepy New Jersey suburb. Twenty people work there, about half of them on the trading floor, monitoring on triple screens the fractions of a penny as they mount up, second by second. Roughly 1.5 percent of the total volume of stocks traded on US exchanges on a given day will pass, however fleetingly, through the hushed, sunlit, brick-walled room.” (Source)

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