[tucson]

""It's legalized front-running. I think it is basically evil and I don't think it should have ever been allowed to reach the size that it did," he said. "Why should all of us pay a little group of people to engage in legalized front-running of our orders?""

Charlie Munger, http://www.cnbc.com/id/100705820

[smoorman1024]

What's the difference between HFT and traditional Human Market Makers?

May I suggest that Electronic trading and HFT have made it possible for a few people to do the work of thousands. This has brought down the cost of trading.

[AndrewBissell]

Charlie's just upset that some of his bridge partners aren't scalping what they used to with their floor-based market making businesses.

[anonymoushn]

Which HFT firms have access to the orders of other participants before the exchange does?