&gt; You could make the argument that their behavior is algorithmic, at least that&#x27;s a part of what HFT banks on.<p>Human decision makers -- either individuals acting on their own behalf or humans acting as decision-makers in a corporation -- may choose to use algorithms to make decisions, and may choose to give programs that concretely instantiate algorithms minute-to-minute control of their resources. That doesn&#x27;t mean that the personhood -- of the individual or corporation -- transfers to the algorithm or the concrete instance.<p>&gt; Conversely, what if the corporate shareholders were primarily algorithmic traders?<p>Algorithmic traders are legal persons -- either corporations or individuals -- using computer programs to make and execute trading decisions.