[Consultuing]

Let me begin by saying that I likely do not understand even half of what HFT is.

For me, they key part that I fail to understand is exactly what value HFT adds to non speculative market participants. The only explanation I've heard so far is that HFT adds "liquidity" to the market, but I don't get how. Let V be the value HFT adds to non speculative players.

If V is above zero, then allow HFT to continue. If V is zero or negative, my proposal would be not to ban HFT, but to restrict it to transactions made between HFT players. Then let them play in their casino all they want until one player is left. If this suggestion cannot be implemented because HFT needs the rest of the market to make profits, then I highly suspect that V is less or below zero and that HFT is really one of the Casino owners.