Here's the chief executive of Vanguard (one of the largest investment management...

		harryh on July 16, 2014 \| parent \| context \| favorite \| on: A detailed exposé on how the market is rigged from... Here's the chief executive of Vanguard (one of the largest investment management companies in the world) discussing how HFT has dramatically lowered their trading costs: http://www.ft.com/intl/cms/s/0/ff8c6486-cb37-11e3-ba95-00144... Spreads used to be a quarter, and now they're a penny! That's a huge deal!