Highlights from this article in the Financial Times:

Trading by “real” investors is taking up the smallest share of US stock market volumes in over a decade, according to a recent study.

“Real money”, defined as being mutual funds, hedge funds, pensions and brokerages, accounted for just 16% of buy orders and 13% of sell volume last year.

The rest of those trades?

HFT, or high-frequency trading.

Ugh. I think it’s clear what we need to do here, people.

Somebody go get John Connor before SkyNet becomes self-aware.

More here.