Market commentators are fond of talking about âfree market capitalism,â but according to Wall Street commentator Max Keiser, it is no more. It has morphed into what his TV co-host Stacy Herbert calls ârigged market capitalismâ: All markets today are subject to manipulation for private gain. Keiser isnât just speculating about this. He claims to have invented one of the most widely used programs for doing the rigging. Not that thatâs what he meant to invent. His patented program was designed to take the manipulation out of markets. It would do this by matching buyers with sellers automatically, eliminating âfront runningâ â brokers buying or selling ahead of large orders coming in from their clients. The computer program was intended to remove the conflict of interest that exists when brokers who match buyers with sellers are also selling from their own accounts. But the program fell into the wrong hands and became the prototype for automated trading programs that actually facilitate front running. ... http://seekingalpha.com/article/200478-hft-goldman-and-how-to-save-free-markets?source=marketwatch