Well over 70% of securities trades arise from high-frequency trading procedures. Anyone with fast computers can participate, so it is not so exclusive a financial club as some critics make it out to be, And not a devilish cabal.
High-frequency trading helps lower costs and pricing for all investors, large and small. It does tend to exaggerate volatility.
It is little understood and the media does a poor job of educating the public that the politicos love to rile up. So, it has attracted their ire, when they have little positive to contribute to helping solve our real financial problems.
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