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Résumé : This paper reviews past research on high-frequency trading (HFT) and analyzes the impact of HFT on market players.The development prospect of HFT is evaluated considering the relevant regulatory measures.In light of the economic proliferation, HFT has stationed a matured stage through the coordinating regulatory supervisors and sophistication of rapid-changing technology.From the perspective of macroeconomic structure, despite noticing certain downsides, HFT altered the main features and further enhanced the comprehensive quality of the market.With the implementation of appropriate, much more complicated regulations over ambiguous places, HFT will benefit the market and vitalize the economy in the foreseeable future.