You have decided to place a VWAP order with your broker. During the relevant period, you observe the following prices and volumes. What is the VWAP? $26.75$26.50$26.00$28.00$26.71 Why do so-called High Frequency Traders (HFTs) co-locate their computer servers in stock exchange data centers? By co-locating, they will be able to get their orders into the exchange faster and thus win races with other automated traders. It is cheaper to rent data space from the stock exchanges than in other data centers. They are required by regulators because thle regulators can monitor them more easily in the stock exchange data centers. Their floor brokers can more easily talk to the Designated Market Makers