About 70% of securities trades now arise from high-frequency trading procedures. Anyone with fast computers can play the game, so it is not so exclusive a financial club as some critics make it out to be, And not a devilish cabal that must be abolished.
The bottom line: High-frequency trading helps lower costs and pricing for all investors, large and small.
As I have noted here before, Wall Street appears to be there for a left-leaning political purpose these days. To be attacked.
It is little understood and the media does a poor job of educating the public that the politicos love to rile up.
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