Last night, Charlie Rose Show interviewed author of the book, "Flash Boys", which was the follow-up of last Sunday's "60 Minutes" coverage of the buzzword, high-frequency trading. Within a few milli-second front-running, HFT can preempt your stock transaction and earn a few pennies profit per share. They don't need to do any market analysis to know which stock to buy, they just need to lurk in the stock exchange center and make the transaction a few milli-second before your transaction goes to the next exchange center. People with capital and skill can really rig the market.
https://www.youtube.com/watch?v=1qFpmht1zbs
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