Southeastern Asset Management, the manager of the legendary Longleaf family of mutual funds, put together a scathing analysis of high frequency trading (HFT), debunking the myth of its "benefits" to market participants. This was assembled and presented by Southeastern founder O. Mason Hawkins and his team for and to Luis Angular of the SEC.
Must read.
2010-06 Southeastern to SEC Re HFT
[HT: Black Ball]
