HFT problems may be top of mind but they’re not a new story
Over the last week the news was filled with stories of the role that high-frequency trading is playing in the markets. The conversation began with a “60 Minutes” piece on the subject last Sunday and continued from there. Once again the investing public has been whipped into a frenzy by the press bombarding them with stories about the markets being rigged and how the little guy is taken advantage of by the big guy. The HFT story is not new — nor are complaints about how these managers manipulate the markets — but now that Michael Lewis’s publisher is trying to sell books, it seems to have taken center stage. […]