some thoughts on hft and naked selling, page-2

Worth reading on "market impact model"
Deutsche Bank presentation in MIM
http://www.dbquant.com/Presentations/Berlin200812.pdf
- explains the purpose and methodology behind reducing market impact through HFT

Exploratory Trading - paper that caused SEC to shut down access to their CRSP data
http://www.scribd.com/doc/130086643/Exploratory-Trading-Job-Market-Paper

Link to the CS doc
"High Frequency Trading - Measurement, Detection and Response
http://www.scribd.com/doc/116761218/CS-HFT-DETECTION

Understand that HFT started out with good intentions to split large orders up. Since then it rapidly devolved into a snatch and grab.

Trading sub millisecond there is ZERO change any regulatory body will reconcile trades. Inventory control is a key to it IMO, and it is non-existent.

It means technical analysis using even rudimentary mathematic quant methods is valuable to any trader/investor.