hft in decline. , page-8

Very concerning to hear the regulators have apparently decided not to take HFT seriously in Australia.
A most horrifying description of where it's all heading overseas is at:

http://www.motherjones.com/politics/2013/02/high-frequency-trading-danger-risk-wall-street

Two US companies are building their own fibre optic cables across the Atlantic to shave a few thousandths of a second between Wall St and London. Surely this is madness, no matter how you look at it?