High frequency trading is so quick that it can only be managed by a computer program.
The point of it is to guarantee those who are using it -- principally the Big Houses -- that penny that they extract by their virtual speed in trading.
Now the bid and ask spreads have come down, which is something that began late in the Bushonian Regime. There was also that period of time in the Clinton Regime in the late 90s, where everyone was trying to decide what should be the new spread in order to reduce costs to the Unwashed Investor...
For the rest of this column, click here -- Al Martin Raw
* AL MARTIN, author of "The Conspirators: Secrets of an Iran Contra Insider," is an Independent Political-Economic Analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. He is also currently trading the commodity futures market day and night and has a teleconferencing service to facilitate transactions in the markets. This is a service for independent experienced traders.
For more details on commodity futures trading recommendations and more FREE Sample Columns, take a look at Al Martin's website "Insider Intelligence" Insider Intelligence for weekly exclusive commodity futures trading recommendations.