- High Frequency Frontrunning

It's nice to see this being discussed so plainly on CNBC. The thing that kind of blows me away is how shocked and aghast the 'journalists' are at the idea that HF programs are front-running markets. It's my opinion that its a widespread phenomenon and I have circumstantial evidence to support that view. But like the man said, it is tough to prove. Especially if you're a day late and dollar short bureaucrat from the SEC.

Still, the one rule that always seems to be true about people that cheat the system is that they're greedy. And given enough time, greedy people will always take things too far. So far in fact, that it will eventually be possible for a semi-useless bureaucrat to finally catch them. that's probably how most criminals are caught in the end.

The salient portion is 6:30 into the video. HT to ZeroHedge