Wired vs. NYT on flash trading:

It's especially interesting to contrast the Wired story ("Algorithms Take Control of Wall Street") with the more alarmist NYT story ("The New Speed of Money, Reshaping Markets").

Both stories cover many of the same basic facts. But the Wired story puts more emphasis on the challenges and opportunities the new technology poses for rational actors in the marketplace.

In contrast, the NYT story asks "whether the technology is getting dangerously out of control", whether it's "fairer" that those willing to invest in better technology should be able to reap higher rewards, and plight of the poor regulators "struggling to keep up with the pace of innovation".