Incredible how people are concerned about so many insignificant things such as who the next batman will be or celebrity kids being rebellious. Meanwhile these companies are robbing BILLIONS from the market every year.
The article above shows how a Berkeley professor was given access to these high frequency trading tools. In ONE day, using only ONE stock, he was able to make $377,000. Simply by having access to the trade servers thousandths of seconds before everyone else.
In business you should make money by creating value, not by having an unfair advantage. This does have a ripple effect and this money is being sucked out of the economy and your retirement plan. I really hope more people become aware and start doing something about it. People have known about HFT, but it doesn’t seem that there is anything being done about it.
— Mark Cuban (@mcuban) August 31, 2013