Ellen Brown on High-Frequency Trading

April 28, 2010
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Also called High Frequency Trading (HFT) or “black box trading,” automated program trading uses high-speed computers governed by complex algorithms (instructions to the computer) to analyze data and transact orders in massive quantities at very high speeds. Like the poker player peeking in a mirror to see his opponent’s cards, HFT allows the program trader to peek at major incoming orders and jump in front of them to skim profits off the top. Note that these large institutional orders are our money — our pension funds, mutual funds, and 401Ks.

Read the whole thing at Global Research: Computerized Front Running and Financial Fraud

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