Looking for Love too? I guess $21 billion Is Not Enough?
This morning the WSJ has an article about HFT http://blogs.wsj.com/marketbeat/2009/09/17/looking-for-love/ that states, “High-frequency traders have kept relatively quiet amid the criticism, at least publicly, even amid heightened scrutiny.” You would think that in the past month, article after article has been flooding the media with anti – high frequency trading propoganda, while high frequency trading firm CEO’s were building homes for the poor with Jimmy Carter.
I don’t even know where to start? I guess I’ll just point to a few articles defending HFT in the last month alone, and let them speak for themselves.
This one is from Arthur Levitt Jr., who sits on boards of firms engaging in HFT: