Crying foul again!
Super computers and high speed trading system in equity and derivative tradings. These traders are armed with the latest technology, computer systems and algorithms to place their bets in the stock markets. The technology gives them the advantage to buy and sell at the best price after having a quick peep at all the orders in the market. And they have a big war chest to back up their bets to drown out the small traders. Now, is this a game of pokers, a game of chance, or stock trading? Is it investing or gambling? Who are the big traders with their expensive gambling machine playing against? Are they gambling against their peers with the same formula 1 machine or are they cheating or violating the small investors? When they are competing against the same kind with the same level of resources, technology and equipment, it is fair play. But if they are employing their mean machine to take advantage of the small and ill equipped investors, someone must cry foul. Fair play is what stock markets swear to do. Protecting the small investors against foul play, against being taken advantage of by unfair practices is what the stock markets stood for. By allowing such machine to maul down the innocent small investors must be a serious breach of the integrity of stock market principles and operations. If not, stock markets must be renamed as casinos and be governed by the rules of gaming applicable to casinos.