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While the joint central-bank effort didn't address the fundamental problems associated with European government debt, it underscored a "sense of urgency" to address the broad issues ailing the global financial system, said Seth Setrakian, co-head of trading at First New York Securities.
WSJ: Dow Surges 490 Points
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By comparison, in high frequency trading, they want speed first and they are willing to live with whatever the power draw is in that co-location center if it gives them an edge.
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Back in the 1990s, he co-founded Foundry Networks, which saw its IPO spike 525% on its first day of trading ( you can see my interview with Chen here).
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