I think many people have been trying to unwrap the true value High-Frequency Trading brings to the market. Cuban makes a good point equating them with hackers - people trying to find weaknesses in a system to exploit for profit.
But the Wall Street system needs to improve to close these loopholes/weaknesses just as computer security improves as people discover hacks. The problem is Wall Street encourages exploitation of these weaknesses because it makes them all rich in some way - trading commissions, rising stock prices due to speculation, etc.
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But the Wall Street system needs to improve to close these loopholes/weaknesses just as computer security improves as people discover hacks. The problem is Wall Street encourages exploitation of these weaknesses because it makes them all rich in some way - trading commissions, rising stock prices due to speculation, etc.