Am I the only one who thinks this is pointless? I don't trade billions of dollars of equities, but I am a long-term investor.

One of my big rules as a long-term investor is that I can't sweat the 1/8ths and 1/4ths (borrowed from Philip Fisher). The time I spend worrying about these high frequency traders getting a few extra cents out of me is time wasted finding great companies that are selling at a discount.

Sure... Its annoying, but if you really are a long-term investor a few tenths of a percent won't kill you.