November 28, 2011
I object to the High Frequency Trading advantage. Those traders have an unfair advantage over anyone else in that they get faster looks at pricing and can place or cancel orders in fractions of a second at fractions of a penny and can effectively manipulate the price of any given stock. No one should be able to have superior access to pricing info over any other investor. It makes the playing field uneven. No one should be able to buy and sell at fractions of a cent as that provides an unfair advantage over those who cannot. No one should be allowed very close proximity to exchanges to help execute trades more quickly. There are unfair advantages throughout the whole stock market. In short, the "game" is rigged against the retail investor.