HFTs help floor traders, brokers and NYSE and other WALL Stret dogs to make money. The liquidity improvement due to HFT is a joke. But the vested interests have the Ssecretary and the SEC in their pockets. I think what Pandit and the Citi board is doing is the only way to deal a blow to HFT under that situation.
But, a lot of posters/shorts on this Yahoo board won't get it. They will simply keep bashing because they live in an eternal hope that they will be able to fool a sufficient number of readers of the posts! What an idiotic belief, especially in case of Citi that trades in hundreds of millions of shares a day!!