Two basic problems undermine the principle of fairness in many of today’s financial markets. Some participants use their technological superiority to make trades at a faster pace than other investors. Some traders use technological trickery to gain unfair advantages in terms of market manipulation and price discovery. In theory, the solution to these inter-related problems is readily apparent. Equalize the latency of trades and ensure that buyers and sellers meet in an open marketplace ruled by a transparent price discovery process. At first glance, those goals seem beyond our reach in today’s overtaxed regulatory environment. But fortunately there is a practical technological solution available ...