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[quote=Anonymous][quote=Anonymous]Here is a congressional hearing on High Frequency Trading.  I am passing this link on without making judgment.

https://www.govinfo.gov/content/pkg/CHRG-113shrg91299/html/CHRG-113shrg91299.htm

[/quote]

okay, this is very dry stuff so I skimmed through for Warren quotes:

Senator Warren. So, if I am following you, Mr. Solomon, you 
are saying that they are really adding volatility to the 
market, volume to the market, without adding true liquidity to 
the market.

Senator Warren. Well, I want to say, thank you very much, 
Mr. Chairman, on this. You know, high frequency trading reminds 
me a little of the scam in office space. You know, you take 
just a little bit of money from every trade in the hope that no 
one will complain. But, taking a little bit of money from 
zillions of trades adds up to billions of dollars in profits 
for these high frequency traders, and billions of dollars in 
losses for our retirement funds and our mutual funds and 
everybody else in the marketplace.

[/quote]

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