High-frequency trading, which already has a sullied reputation, is even worse than the critics have charged, a new survey shows. While the central bank's analysts knew there were issues, what they found exceeded their expectations. Industry pros reported a rash of out-of-control computer algorithms that power the HFT platforms. They admitted that speed is more important than safety. And they even went so far as to say that they actually wish the industry was more regulated but want the rules to be applied equally, something that may not be happening today. "Market participants at every level of the trade life cycle ... (full story)