High frequency trading is extracting profits, market stability and confidence away from conventional investors. Everyone who is not on the take in this area, can see that the costs to public markets are too great to justify and allow. A new study confirms this (once again). One of these days, even the profit-desperate exchanges will have to admit that allowing themselves to be run like a casino for a select few is detrimental to a longer-term business model.
“A top government economist has concluded that the high-speeding trading firms that have come to dominate the nation’s financial markets are taking significant profits from traditional investors.”See: High-speed trades hurt investors
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