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Wall Street braces for rough ride as exchanges seek more speed bumps

SEC is expected to decide on proposals by New York and Chicago stock exchanges and Nasdaq in coming weeks

Advances in technology made it possible to complete trades almost at the speed of light, prompting concerns that sophisticated high-frequency traders were eating the lunch of ordinary investors.

New York

US STOCK exchanges that spent decades speeding up markets with cutting-edge technology are now rushing to slow them down.

The New York Stock Exchange (NYSE), Chicago Stock Exchange and Nasdaq Inc are all awaiting decisions by the US Securities and Exchange Commission (SEC...

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