High Frequency Trading

So, HFT is the story of the moment.  As someone in the biz - as an institutionalish investor - maybe I can add my three cents.

Cent #1 - Are we being front-run?  Abso-f**king-lutely.  Beyond debate.

Cent #2 - Do I care?  No.  See here for most of the reasons why.

Cent #3 - What is the biggest danger/risk for capital markets here?  We've given Eric Schneiderman something to do.  Can only end badly.