Posted on 05/07/2010 9:07:54 PM PDT by SmokingJoe
I agree with your last two para’s completely.
I’d add this: the actions of the two HFT’s that pulled out of the market when it started going down proves that their arguments for being allowed inside access to the market are now proven false. When the market needed liquidity, they fled.
This begs the question “Why do we tolerate HFT’s, again?” Because their only supposed utility was to provide liquidity. If they don’t, then there’s no reason for their existence.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.