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Quick-trade artists deserve penalties for gaming markets

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Last week , regulators settled charges in a landmark case involving one of the new breed of superfast traders in fi nancial markets. These types of traders are known as “cheetahs” because they are the speediest — and sometimes the wildest — cats in the markets. In the case, regulators in the U.S. and U.K. levied hefty fines on a company called (aptly) Panther, as well as against the firm’s owner. The case was the ...

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