Replies to post #6646 on Tenax Therapeutics Inc (TENX)

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http://www.marketwatch.com/story/high-frequency-trading-hurts-regular-customers-michael-lewis-tells-60-minutes-2014-03-31


High-frequency trading hurts regular customers, Michael Lewis tells '60 Minutes'

MARKETWATCH FRONT PAGE

The U.S. stock market is rigged to hurt the average investor and benefit high frequency traders, stock exchanges and large Wall Street banks, according to the author of the new book "Flash Boys: A Wall Street Revolt."This computer-based high-speed trading is considered sophisticated and uses complex algorithms to move in and out of positions in fractions of a second.These HTFs give the big guys an edge, that the little guys cannot compete with, says Michael Lewis, famed Wall Street author in a new interview on 60 minutes to be aired on Sunday, March 30 at 7pm E.T."High frequency traders have found ways to use their speed to gain an advantage that few understand," says Lewis in the interview."They're able to identify your desire to buy shares in Microsoft and buy them in front of you and sell them back to you at a higher price," says Lewis. "The speed advantage that the faster traders have is milliseconds...fractions of milliseconds." See full story.