What you see today ,trading with no liquidity, the 1k melt down, its all interconnected. I watch the markets day after day and heres what I see. Subpennies, front running by the privileged, flash orders, known order flow for the privileged who take billions of dollars out of the markets everyday with little to no risk like its their personal piggy bank, sapping it and draining it day after day. So what has this done? When institutions, retail traders, small investors, large investors are forced to go market, when they get filled and out of the money instantly, many times because these machines can see future spreads ,we have what we have. Complete and utter lack of real liquidity. This is why stocks go up 5%+ in a few minutes and then come down 5%+ the next few minues (and this has become the norm) by a number of algos competing against a real buyer or seller. There is no order to this market. Its a room full of sharks that devour any and all who enter. Eat away all liquidity. This is why we have 1000 point crashes. And this is why we will continue to have a hemorrhaging and disorderly market until the SEC decides to do something about it. Slow down trading so that these crooks cant cancel their bids or offers instantly because they see you coming 200 miliseconds away. It would not even have to be slowed down that much. In the miliseconds. 500 miliseconds before you can cancel your bid or offer. Give all players a level playing field. When will the SEC do something about this piracy?