70% Of Financial Professionals Think The Equity Market Is Unfair [CHARTS]

The controversy over high frequency trading that was unleashed by Michael Lewis’ book Flash Boys is nowhere near settling down (there is already early talk about who will be in the movie), and people involved in high frequency trading claim that their business is being unfairly maligned to people who don’t fully understand how the market works. But according to a recent ConvergEx survey, financial professional who know perfectly well how the system works want HFT to be shown the door.

“A majority of financial industry participants believe that the U.S. equity markets are unfair and that HFT is harmful,” wrote ConvergEx Group CEO Eric Noll in the company’s US Equity Market Structure survey.

Equity markets are unfair

In a survey...