"The Federal Reserve of Chicago recently asked 30 firms associated with the industry — traders, exchanges, vendors and others — to evaluate where HFT stands in the wake of a series of high-profile blowups.
While the central bank's analysts knew there were issues, what they found exceeded their expectations.
Industry pros reported a rash of out-of-control computer algorithms that power the HFT platforms. They admitted that speed is more important than safety. And they even went so far as to say that they actually wish the industry was more regulated but want the rules to be applied equally, something that may not be happening today."
More confirmation that the game is rigged. The only way for the little guy to win on Wall Street is to not play. - Wes
