re: What is the Money Board's opinion on high frequency trading?

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Its a joke. It defeats the purpose of the market and puts most investors at a disadvantage(even greater than it already was)

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This

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Its a joke. It defeats the purpose of the market and puts most investors at a disadvantage(even greater than it already was)

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Just make sure you place the blame where it belongs. God knows the MSM will only report the "evil Wall Street" angle.

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The financial story of the week is that ambitious prosecutors and book peddlers claim the U.S. equity markets are rigged against the individual investor by high-speed traders. But if the stock market is rigged, then it's been rigged by none other than the market regulators at the Securities and Exchange Commission. And ironically, their intent was to rig the game in favor of the individual investor.

Adding to the irony is that they largely succeeded. Mom-and-pop investors today pay much lower commissions than they did two or three decades ago. Rather than handing over hundreds of dollars to a well-fed broker in a wood-paneled office, consumers can now pay seven bucks to trade online. The activity of high-speed traders, enabled by federal regulation, has also helped to narrow trading spreads, meaning investors enjoy more accurate prices than in previous eras.

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The media are having fun describing allegedly shady deals that allow some high-speed traders to pay exchanges for an information edge, or to exploit a particular order type. But the SEC approves every order type at every public exchange. It sets the rules for buying data feeds from exchanges and it sets the rules for co-location—that is, when a trading company wants to pay to have its computer servers close to the exchange's servers. The SEC also has rules to ensure equal access for anyone who wishes to be a customer of the exchange.

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WSJ