Re: high frequency traders
in response to
by
posted on
Jun 09, 2011 01:05PM
These scums are using super computers to generate trades,constantly buying and selling on their own and making pennies each trade over millions of trades a minute.I am surprised that the resource news letter communities had not picked up on this and raised the issues to the public.Certainly BNN should have talked about this as more and more banks are involved in this kind of trades in order to compete.So where does it leave us?I think to retaliate, all canadian private investors should initiate a trading halt for a week to generate zero volumes to the markets and that should generate enough attention from the Canadian OSC and force them to act.By the way, the american investors won't like that either.
Since we have been ripped off big time by the banks and the likes of anon, 99 etc, will the consumer,s watchdog do their job and protect us on our behalf rather than working for the banks and financial institutes?