High-frequency trading sees a planet divided"After having executed hundreds of thousands of trades worth hundreds of billions of dollars, we can, with great confidence, acknowledge the fact those mudcat bottom-feeders have used technology to steal tens of billions of dollars from unsuspecting market participants," he said in a research note published last week.
Last year, a group of 11 European Union countries announced their intention to impose a financial transaction tax as a way to make the banking sector take responsibility for its role in the economic crisis. Part of the tax includes a levy on HFT – a costly move for high-speed traders especially when a large amount of trades are placed in a small amount of time. Reuters data shows that the tax as a whole has coincided with a decrease in trading volumes, with French and Italian turnover down 10 percent by August last year"
Read More: https://www.cnbc.com/id/101563401
Lots of Countries have clamped down on HFTs. Canada should
take actions against their banks too.