On the other hand, it is merely an evolutionary step and like all of evolution, it either keeps up with it or fades into the past. No judgement, merely observation.
It's like a tiny fee, levied on human traders. It adds up, dramatically hitting the human sharetrader.
great idea regarding the time period of any orders How would just charging a small unavoidable "fee" for each trade order , whether filled or not that alone should add some balance between HFT and human participants
That small fee for each message, filled or not, was added last year in Australia. It's the ASIC market supervision and cost recovery levy on transactions. The money goes towards technology for supervision, analysis and policing of firms' trading activities.
High frequency trading is scummy rent seeking behavior enough without the fact that the traders get huge or compete discounts on their fuckery
A very entertaining and interesting podcast on High Frequency Trading. http://www.radiolab.org/story/267195-million-dollar-microsecond/ RadioLab have many other great podcast on all different topics.
[h]U.S. probing high-speed trading, attorney general says[/h] http://www.reuters.com/article/2014/04/04/us-congress-justice-highspeed-idUSBREA3310O20140404
Lol the FBI should better examine the Fed Mega Frontrunner with its new dollars that are spent first, including the FBI wages. Top down examination.