Traders have always competed on speed and &quot;will always&quot; compete on speed, you can&#x27;t stop this, it&#x27;s not possible, nor is it bad. So why exactly are you against competing on speed?<p>&gt; why exchanges that encourage HFT are costing all of us with retirement funds lots of extra dollars.<p>Why do you believe this, HFT lowers the spread making entering the market cheaper for those guys.