June 10, 2010
With the current volatile market conditions and the economic uncertainty that a investor as well as public faces today, high frequency trading has distress the public and investor confidence in the U.S. Market. High frequency trading, where many computers are placing thousands of orders and cancellations every second to attempt an incremental gain on equities provides no added value to investors and the public. However, high frequency trading creates fear in the equity market and many investors large and small would prefer not to invest in the equity market due to it's existence. The equity market provides long term solutions for many investors, a stable and confident equity market is important for long term growth. Please ban and remove the practice of high frequency trading from the equitity market.