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Toshiba, once a hedge fund target, seeks to become one

Its revolutionary high-frequency trade algorithm also piques banks' interest

Toshiba's high-speed machine, which company insiders call a "intelligent spinal reflex," can analyze combinations of many currencies and execute an arbitration transaction in 30 microseconds. (Nikkeimontage)

TOKYO -- Toshiba, the Japanese conglomerate that two years ago was pressured by activist investors to restructure its operations in one of the country's most controversial corporate sagas, may soon join the ranks of hedge funds by becoming one itself.

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