Wall Street Had Five Years To Prove They Can Control Their Computers. They Failed.

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Stock markets and an efficient financial system are supposed to benefit every other part of the economy by delivering investment capital where it is needed, but HFT tricks contribute no such societal benefit. The practice “harms the average investor” according to one University of Michigan study and produces “no investment” in the real economy according to analysis by the think tank Demos. Even the guy who invented HFT thinks it’s now an out-of-control practice that “has absolutely no social value.”