On May 6, 2010, the Dow Jones Industrial average plunged nearly 700 points in minutes before recovering. That event was tagged a “flash crash” and was blamed on high-speed trading on the floor of American stock exchanges. High-frequency trading (HFT) for the uninitiated, is the use of electronic trading platforms for entering trading orders using computer software. HFT is noted for its speed in initiating huge numbers of orders, sometimes even without human intervention. HFT also accounts for huge numbers of order cancellations which serves as a cause of concern in the market. Is this practice good or bad, no one can say for certain, but the perceived profits high-frequency traders make is a big burden to the market because the huge costs to other traders who are institutionalized is very high.