The problem with the markets today is that they are dominated by a few major players. These marketmakers have become, in effect, market manipulators. … – TIME¹

I love it when the MSM gets it right.  The story at the note¹ below is a must-read for any Doomer who successfully connected the dots⁴ between GS’s 7/3 exploit in NJ and Ken’s efforts to suppress Misha in IL.

UPDATE (3): The big guns at Wharton have also joined the party³ today.  About time, guys.

UPDATE (2): The Themis guys are asking some tough questions today.

HFT’s Dominance May Be Affecting the Health of the Market – Advanced Trading²

UPDATE (1): The good folks at Business Insider have instituted an "embed" feature, just like YouTube Since they’ve got an article in the same general topic as the NYT piece we’re already featuring, what the heck? Let’s give it a try.

<

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[1]: "The Truth About High-Frequency Trading", by Ari J. Officer, TIME, September 30, 2009.

[2]: "What Ails Us About High Frequency Trading?", by Sal Arnuk and Joseph Saluzzi, Advanced Trading, September 30, 2009.

[3]: "The Impact of High-frequency Trading: Manipulation, Distortion or a Better-functioning Market?", Knowledge @ Wharton, September 30, 2009.

[4]: "Former Citadel Executive Denies Deliberately Erasing Evidence", by Andrew M. Harris, Bloomberg, October 1, 2009. [I suppose this counts as "UPDATE 4"]

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