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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: James Hutton who wrote (282440)	10/10/2010 9:26:49 PM
From: Les H	Read Replies (2) \| Respond to of 306849

How Speed Traders Are Changing Wall Street Steve Kroft Gets A Rare Look Inside the Secretive World of "High-Frequency Trading" cbsnews.com Just four years ago, high frequency traders accounted for 30 percent of the stock trades in the U.S. Today, estimates range as high as 70 percent. And institutional traders, like Joe Saluzzi of Themis Trading LLC, have come to believe that the game is rigged. "How can you make money day after day? There was even one firm that said they made money four years in a row every single day. Well you have to be getting information that other people don't have, otherwise statistically that's an impossibility," Saluzzi said.