In most of life, human relationships for example, I believe it makes good sense to get the facts clear and accurate before accusing anyone of anything. If I had a suspicion that a neighbor had stolen my lawn mower I wouldn’t dream of making an accusation without evidence.
Where the stock market is concerned a different set of standards apply. Jumping to conclusions is not only rational but necessary. Correctly making up ones mind with only bits and pieces of information, hunches and suspiciouns is a valuable skill. Innocent until proven guilty is great for the U.S. legal system but doesn’t apply nor is it required for figuring out what is going on in the financial arena.
My take on this is that high frequency traders engage in intentional theft. Their righteous dialog is deception plain and simple. Why do i think these things? They have no reason not to. They exist and operate at high levels where law does not apply.
Operaters in the financial market are cut out of the same mold as regular organized crime figures. Some if not most of the big money on Wall Street is one and the as the money that controls illegal drugs. Legal ways to steel money physically safe likely more profitable than illegal activities.
I am assuming things work like this because there is no reason why they wouldn’t. I am as certain of this as I am that mold will grow on moist bread that I leave on a dish.
High frequency trading exists as a way to steal your money, mine and everyone else’s. In the end it destroy the market just like too many fleas and ticks will kill a dog. As for the operators destroying the world’s capital market, they would rather not kill their cash cow but if it happens, so be it. Their profit has been made.

Views: 1