SkyNet Wars: How A Nasdaq Algo Destroyed BATS

This article might be a tad too technical for most of you, but please, read it and make the effort to try and understand what is being said here.

http://www.zerohedge.com/news/skynet-wars-how-nasdaq-algo-destroyed-bats

Basically some trading algorithm that was operated by someone in cahoots with the NASDAQ exchange blew up a new stock exchange IPO on purpose in order to prevent competition and force people to continue to trade in the rigged NASDAQ and NYSE markets.

The official markets are nothing more than a rigged casino game where the house wins every time.  If you are a small time trader, over the long haul, you WILL get your ass handed to you if you gamble on the major exchanges.

This just goes to show how corrupt and inept the SEC is and how rigged the entire game is.