It was not my intention to claim whether high-frequency trading is "good" or "bad". To be honest I don't think I have enough information to judge that. I just replied to your specific arguments which I considered wrong.
That said, I agree that rejecting algorithmic trading just because it's new, different, and scary doesn't seem like the best approach. Computers have disrupted most industries, and the financial industry is just one of them.
That said, I agree that rejecting algorithmic trading just because it's new, different, and scary doesn't seem like the best approach. Computers have disrupted most industries, and the financial industry is just one of them.