September 07, 2012

While many investors downplay their concerns about high frequency trading - or prefer not to think about it - Mark Cuban is quite open with his fears. Appearing on CNBC this morning, the Dallas Mavericks owner and Internet boom star says that he is "terrified by high frequency trading."

"I think there's every likelihood - and I think it will happen - where we'll see another Flash Crash," he tells the hosts of CNBC's Squawk Box.

"When you have algorithms trying to outsmart other algorithms at millisecond speed, there's no way human intervention can do anything," he adds.

Check out the video for more:

ABOUT THE AUTHOR
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining ...