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18 Oct 2012 (AFR and New York Times) – High-speed trader runs out of puff

(18 Oct 2012, AFR, p21, By NATHANIEL POPPER and New York Times)

High-Speed Trading Executives Shut Firm

‘A high-frequency trading firm founded less than two years ago by former Citigroup executives is ending operations as the industry confronts a slowdown.’

‘The firm, Eladian Partners, was started in early 2011 by two pioneers in high-speed trading, Steve Swanson and Peter Kent. It grew to more than 50 employees and had offices in New York, London and South Carolina that were focused on buying and selling stocks and exchange-traded funds.’

Read more at NYTimes.com

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