You guys are jokes. Come out of the woodwork when somebody attacks your precious front-running. The markets existed long before HFT was around. And will exist long after. You steal pennies. There is nothing valuable or essential about that. It's parasitical.
I don't know why, but ever since I started making money on trading, I stopped complaining on others (unless they're clearly illegal)...
Charlie Munger has always hated traders. That's us. He hates you. Why do you love him? He wants all speculation eliminated. He's said it many, many times. He wants your job gone. You like him? odd.
HFT concept is as old as markets and it was re-labeled as HFT just recently just to keep with modern times and better technology.
Wasn't there always a time and place advantage for exchange members? Now anyone can post a two way market if they've got the infrastructure to do it. Participants are still buying access, but it's going to computers and data feeds instead of exchange memberships.
they must have stopped paying that shill WinsonTJ his fee for defending hft, or he got hit by a truck. Would have been here by now otherwise.