what I take from that phrasing is : "Like Mt.Gox but on the East Coast near Wallstreet, so HFT should push the nobodies out." It doesn't make me feel any more

what I take from that phrasing is : "Like Mt.Gox but on the East Coast near Wallstreet, so HFT should push the nobodies out." It doesn't make me feel any more secure on that particular exchange.