With the very public release of Michael Lewis’s new book, Flash Boys, much debate has been spurred about high frequency trading (HFT). As is often the case with issues that affect our bank accounts, it is easy to find pundits weighing in from both sides. With all of the debate, the cost is pretty minor, especially in a lower trading volume strategy that is inherent to a passive approach to the market. Even Michael Lewis warned against overreacting when discussing avoiding HFT by avoiding the market altogether, “I don’t think that’s the right answer, because you’re talking about scalping. It’s pennies each trade,” he said. “It shouldn’t go on. It’s unnecessary Wall Street intermediation, but it’s crazy to miss out on investing in the stock market just to avoid being scalped.” In Flash Boys for the People, Philip Delves Broughton uses Canada’s example and looks at both the benefits and drawbacks that HFT brings.