CBS: Is the U.S. stock market rigged?

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I posted on Reddit a little way back about HFT. Here is a good reponse:

Computer and automated trading is quite common, but high frequency trading (the whole trading shares 1ms faster) isn't. Bloomberg shows how the high frequency industry won 1billion dollars last year in profits, but the stock market has a total size of 33.6$ trillions (there are better comparisons but I think this will do). So, high frequency trading (trading at 1ms faster than other people) accounts for a 0.002% profit on the total value of the stock market, an extremely small amount of little if any significance. Even if you think this 0.002% is bad you need to focus on the other 99.998% when thinking of the stock market.
 
but they wont listen because they aren't held responsible by the justice system?

What does the justice system have to do with them going bankrupt because a bug in their algorithm?

The point is that algo traders are no longer making fat risk free profits, they are scratching and fighting for pennies.
 
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