Found this on Hot copper
alg trading ( hft) manipulates the market ( Adrian9793))
High-Frequency Trading as High-Tech Robbery
By MIKE WHITNEY
"The Securities and Exchange Commission (SEC) knows that High-Frequency Trading (HFT) manipulates the market and bilks investors out of tens of billions of dollars every year. But SEC chairman Mary Schapiro refuses to step in and take action. Instead, she's concocted an elaborate "information gathering" scheme, that does nothing to address the main problem."
More:
http://www.counterpunch.org/whitney04162010.html
takeover, page-25
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