10-11-2012, 06:09 PM
The problem is that HFT is responsible for something like a quarter of the profits that NASDAQ makes running the market. And is something like 80% of all trades. Unwinding the wash trading and nickle and diming that is HFT, too big fail does. Small markets making moves against HFT is one thing. Until it hits the city of London or Wall St. all its going to do is push the action into other exchanges.