High-frequency trading: useless and manipulative?
I found an interesting article on the concept for High Frequency trading . The credit for the post is deserved by blogs.reuters.com.
The explosion of interest in high-frequency trading has started to drag new faces to sometimes staid industry conferences. Traders who for years worked on algorithms and computer codes behind the scenes are stepping into the spotlight. They’re appearing on more and more panel discussions, feeling the need to defend their practice against the slings and arrows of politicians and regulators.
So far, they’ve managed to mix exasperation with good humor. The head of one high-frequency trading shop, speaking on a panel this week, said that if you believe everything you read in newspapers you might think the practice is “an unfair, highly profitable and socially useless trading strategy implemented by highly secretive and unregulated traders using superfast computers to compete with retail investors, manipulate markets and front run flash orders causing volatility in the financial markets and creating systemic risk.”
He argued that a more accurate definition of high-frequency trading would be, “a wide variety of highly competitive, low margin trading strategies implemented by professional market intermediaries who have invested heavily in technology that have the effect of making the markets more efficient by enhancing liquidity and transparent price discovery to the benefit of investors.”
“Eastwick,” ABC’s attempt at a spooky-smirky sort of satirical soap opera, premieres Wednesday and quickly curdles in its own cute quaintness. We’re back in Stephen King country, except King isn’t really to blame for this mess; it is based on books by John Updike, whose work in this vein already resulted in the movie “Witches of Eastwick” with Jack Nicholson, Cher, Michelle Pfeiffer and Veronica Cartwright, the last also appearing in — and classing up — the ABC romp.
Ken Lewis, the embattled CEO of Bank of America Corp., is leaving the company, succumbing to nearly a year of strife that followed his company’s acquisition of Merrill Lynch & Co. 
This is breaking news on Tim Tebow injury. Gators quarter back and possibly the best one in college today injured himself when deciding what to do with the ball. Tebow literally got slammed by the Kentucky defense and took a hard blow on his head.


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