High Frequency Traders

Why is the SGX promoting high frequency trading ?  They distort the market, entering and leaving the market at high speed and great volume, taking advantage of the small/big movement in stock prices.  These traders trade with no fundamental, they are just out to make a quick profit. This is not good for genuine small investor and the public and should not be allow to prevail. Why would a market regulator promote such form of trading ? Do not make sense at all to most people. 

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