Are we (Today’s Equity Market) Long-Term-Investing-Oriented?

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You tell me. In Wall Street and Technology:  Kx Systems adds a new release to its trading product which adds the ability to timestamp in NANOSECONS> That is a billionth of a second.  See: http://www.wallstreetandtech.com/data-latency/showArticle.jhtml;jsessionid=MFBJ4BRWRSFP1QE1GHRSKHWATMY32JVN?articleID=220000102

While I mean no disrespect to the obviously extremely bright and innovative firm, KX Systems, I suppose I just lament this further proof that our markets have been hijacked by HFT. I just don’t see how HFT activity that will measure trades and order times in nanoseconds is something that will help our markets be more fair, robust, and conducive to new capital formation.

Will this be the print advertisement? “Come list your company and register your new issue over here! What we don’t offer by insuring a fair market that allows all to participate equally, we make up for by allowing certain participants  to scalp at unprecedented speed!”