financial times article on hft, page-8

Ty dandman

question which needs to be discussed - but which regulators are still ducking -

is why ultra-fast trading is needed at all?

What is actually gained by having deals struck at "one thousandth of a second"?, as Ms Schapiro says.

Ms Schapiro, chairman of the Securities and Exchange Commission, warned this week in New York that the SEC is planning new controls following the May 6 "flash crash".

Need to see some convincing answers?

Don't hold ya breath waiting - try what those two cheeky Norwegian traders did - beat the high frequency trading machines at their own game. But aim not to get caught!

Jeez - I've become a cynic of regulators. Its no wonder gold and silver are enjoying historically high prices - its a vote against authorities, regulators, governments, banks, and the paper money printing press.