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by harryh 4457 days ago
So the people complaining about being ripped off by HFTers aren't forced to trade with them, but they do so anyways because they don't care because it's not their own money? Then why are they complaining about being ripped off?

This comment doesn't make any sense?

1 comments

If I put $10 into a 401(k) and lose $0.0001 of it because the fund manager didn't bother to protect me from fast middlemen, because it doesn't benefit him at all, am I still entitled to complain?
Sure, but you should complain to the crappy fund manager you hired to do a good job for you not the person who the fund manager was competing against.

You also might want to switch to Vanguard. They do a good job and realize that HFTers have dramatically lowered costs for them and their clients: http://www.cnbc.com/id/49434073