Sunday, September 21, 2014

How HFT Screws The Rest Of The Market

Now here's a revealing report about high-frequency trading. Apparently the HFTers have erected (or merely use?) a system of microwave towers which allows them to front-run the rest of the market:

http://www.zerohedge.com/news/2014-09-21/presenting-two-tier-market-mapping-europes-microwave-tower-network

And you thought technology made your life better. Ha !!!

You've heard about "survival of the fittest", but is this the sort of person we want to let take over the financial world?

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