I think that article is pretty crazy apologetics for a bad mechanism. There's an elegant mechanism design solution to the inefficiency inherent in HFT: http:/

I think that article is pretty crazy apologetics for a bad mechanism. There's an elegant mechanism design solution to the inefficiency inherent in HFT: http://blogs.reuters.com/felix-salmon/2009/07/31/solving-the-hft-problem-abolish-continuous-trading/ http://blogs.reuters.com/felix-salmon/2009/07/31/solving-the... See also the first paragraph of this: http://messymatters.com/2009/07/31/wellmanblog/ http://messymatters.com/2009/07/31/wellmanblog/