Traders Profit With Computers Set at High Speed

I should create a whole category for "Wall Street strategies to make money by making nothing." From NYTimes.com:

The rise of high-frequency trading helps explain why activity on the nation’s stock exchanges has exploded. Average daily volume has soared by 164 percent since 2005, according to data from NYSE. Although precise figures are elusive, stock exchanges say that a handful of high-frequency traders now account for a more than half of all trades.

...The rise of high-frequency trading helps explain why activity on the nation’s stock exchanges has exploded. Average daily volume has soared by 164 percent since 2005, according to data from NYSE. Although precise figures are elusive, stock exchanges say that a handful of high-frequency traders now account for a more than half of all trades.

Figuring out how to trade faster than others is not adding to society's wealth, and it should be outlawed.