NEW YORK ( TheStreet) -- Is high-frequency trading, or HFT, destroying the bedrock of equity investing? According to Charles Schwab, yes, and Jim Cramer agrees, he told TheStreet's Debra Borchardt on Thursday.Schwab, the founder of brokerage firm Charles Schwab (SCHW), wrote a letter to the Wall Street Journal complaining about the destructive presence of high-frequency trading.
Cramer Quick Take: Schwab Is Right
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