Latest Article from FT.com suggests that
"Much misinformation has been spread concerning high-frequency trading and related techniques."
and "There is also the misperception that high-frequency traders are speculators who move markets to extremes."
" Computers do the job even more quickly. The result is a more efficient electronic market that has marginalised the trading floor of the NYSE" and ultimately:
"Individual investors are the ultimate beneficiaries when their pension funds and mutual funds can transact large volumes of trades anonymously with great speed and at lower cost."
Who still believes it?
It's no surprise that the article comes under the pen of Burton Malkiel - Professor of Economics at Princeton University and the author of ‘A Random Walk down Wall Street’ and ‘The Elements of Investing’.
But surprise was in that that
This piece was co-authored by George U Sauter, Chief Investment Officer of the Vanguard Group
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