That's too bad.. Would have been a nice money making business otherwise! I wonder if there are airtight algorithms though. I really don't think so.. But efforts are most certainly made! Plus the high frequency trading generates output anyway for the companies that use it!

Some reading if you are interested! :) http://cs229.stanford.edu/proj2014/David%20Montague,%20Algorithmic%20Trading%20of%20Futures%20via%20Machine%20Learning.pdf