"Ban market exchanges from giving High Frequency Traders faster market access and front running orders." Wow, with such a well thought out proposal, I can't wait to see the government solution, especially if they come up with anything beyond a "hey, stop that!"
At the core of capital markets is accumulation af capital in a process that would be otherwise called robbery. It is allowed because participation is voluntary and based on risk taking and greed. More efficient in this process accumulates more capital. Do not confuse capital markets with entitlement program. Remember somebody's win is other trader loss. It is zero sum game. And if you were smart it would take just to roll back ET threads back by few years and all the posts regarding bad MM as Specialists are exact copy of current posts using HFT terminology. People are simply trying to have their grievances fixated on somebody forgetting underlying market principle and why we are all there - to make money at the expense of others. Remember trading is when you participate in markets buying and selling regardless of holding period. Investing is when you collect dividend or income from capital property. Once you come to market to dispose this property you become trader at this moment.
while we are trying to ban technology, should we also ban the phone because people commit fraud on it.. and ban cars because people use them to drive drunk and kill innocent
whatever, they will think of next scam. only real protection is to play unregulated markets. Regulated is too easy to manipulate as control is concentrated in 1 point. you can easy play eurjpy instead of SP, colleration is high.