Andrei Kirilenko of the CFTC says high-speed trading firms that are dominating the nation’s financial markets are snapping up profits from traditional investors, says The New York Times.

Read: Can investors keep up with electronic markets?

He claims in a new study that “high-frequency traders make an average profit of as much as $5.05 each time they go up against small traders buying and selling one of the most widely used financial contracts.”

Though his findings have not yet been approved, CFTC commissioner Bart Chilton has endorsed his findings. Read more.

Also read:

New systems will speed trading

Should regulators rein in high-speed traders?

Concerns about high frequency trading

Can a flash crash happen again?