I find high-frequency trading fascinating. Radiolab recently did a piece on it.
I first learned of it as a result of the flash crash, and oh mans, does it sound cool. Writing programs to hunt other programs?
That's like 2 steps away from the most dangerous game. Yes please.
Much of the conversation I see about it seems to be of the mindset "What can we do to stop this? It's got to go!" but I'm not sure prima facie
that it's a bad thing. It seems to be the natural conclusion of computerization of markets. Also, the fact that these algorithmic trading applications exist doesn't preclude traditional "buy assets and watch them appreciate" investing.
So, FRCF, I ask you: what, if anything, should be done about high-frequency trading? Does anyone (looking at you Rym) have any anecdotes about this crazy world?