HFT in My Backyard
I don't see how HFT does any good for anyone. It adds no real value, and serves no purpose except to shift money from someone else's pockets, not by clever investment and market knowledge but pure technical advantage.It's a lot like BitCoin, it turns some expensive resource (be it CPU/GPU power or optimized data links) into money, but it doesn't help with earning/generating the money in the first place, so it just extracts it from someone else.It's a scam and should be banned worldwide. I don't know anything about trading, but I guess by making very small changes (make people hold stock for a few seconds?) you could render the whole HFT industry useless without any negative effects to the real economy.