Vast amounts of money are being spent on HFT with no benefit to the market, but only to the firms that are currently the fastest at the time. This is a pure greed move and demonstrates so much of what is wrong with much of the modern banking and investment industry.
I would be incredibly easy to come up with a workable compromise, like a throttle or minimum time an order must be maintained, but vested interests will keep that from happening until something truly disastrous happens.
I would be incredibly easy to come up with a workable compromise, like a throttle or minimum time an order must be maintained, but vested interests will keep that from happening until something truly disastrous happens.