The scam of high-frequency trading (HFT) has been an insult to fairness and free markets for more than a decade. A few have been allowed to scalp fat profits at the expense of the rest, and reasonable people know it is completely indefensible. Finally, the SEC has proposed some reforms that are opposed by the extremely well-funded HFT lobby.
Since the SEC posted its proposed market structure reforms for public feedback, Joe Saluzzi has been busy plowing through all 1,600 pages of them to make sense of it all for us. In this video, we hear his assessment. Here is a direct video link.
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