The mutation -- The hybrid market predator -- The morning ritual -- The undergroundtrader trading system: the katana -- The perfect storm pattern trade -- Optimized four-level research process -- How to prey for playable stocks to trade --Stalking prey -- The encounter from start to finish --...

We show that the presence of high frequency trading (HFT) has significantly mitigated the frequency and severity of end-of-day price dislocation, counter to recent concerns expressed in the media. The effect of HFT is more pronounced on days when end of day price dislocation is more likely to be...