There is a report being passed around by one firm , who self-admittedly counts ” a handful of HFT firms as sponsored access customers”. Firstoff, anyone want to guess what % profit for the “agency broker” these “handful of HFT firms” account for? He dismisses our concerns with HFT (“a blog post here, a white paper there”) as not meaningful. Senators, hoardes of buy-side traders, traditional broker dealers, and the longtime owners of our financial systems (ie John Q Public) disagree. I actually find it amusing to note the lack of trading experience, and lack of long term perspective, among (more…)