Here's a layman article re Algo arms race in the USA thats well worth the read for us retail holders.
It seems like a straightforward suggestion on how to curb the worst aspect of stinking algo's by an author well informed on Algo trading, brokerage and the law.
Please pass on the link to others:
http://market-ticker.denninger.net/archives/2425-Solving-the-HFT-Dilemma.html
comments??