just.a.guy

Zubin Jelveh says Paul Wilmott's logic on high-frequency trading is off - not every trading strategy is as disastrous as portfolio insurance. "The algo is acting like the middle-men we're all quite familiar with. It seems to me that it's now up to institutional investors to be as inventive as the sell-side algos and figure out a way not to get gamed."

"It seems to me that it's now up to institutional investors to be as inventive as the sell-side algos and figure out a way not to get gamed."

This is akin to saying it is now up to cheated marks in a rigged poker game to be as inventive as the crooked host who marked the playing cards and figure out a way not to get gamed (while continuing to play with the same marked deck).