Budish, Cramton and Shim on HFT: the Arms Race of High Frequency Trading from the Grumpy Economist (not me so sorry)
This was a research MBA paper discovered by the world famous NYC Contact.
Thanks to him
http://johnhcochrane.blogspot.ca/2014/02/budish-cramton-and-shim-on-high.htmlFACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!