A brief complex book about the actual regulation 610/11 of U.S. national market system and the problems created by High Frequency Trading firms formed past 5 years. The chapters faces the HFT type of orders, spam and cancel, hide & light, intermaket sweep orders. We also note that is work in progress in 2013 via second part in outlook, it contain various proposals for strenghtens the actual rules by eliminate the bottleneck that favour e.g. the jump order type in the queue that almost make a gain for HFT and compromise the long term investors. Ends with some interviews to the author & the texts of rules 610/11.
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