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One of Matt Levine's consistent themes though is that there is often a very fine line between 'just reacting quickly to public market information' and illegal i
by jameshart 11y ago
One of Matt Levine's consistent themes though is that there is often a very fine line between 'just reacting quickly to public market information' and illegal insider activity, so the scare quotes may be intended to imply a degree of 'you decide if you think this is completely above board'.
- hueving 11y agoNo, there is rarely a fine line. It's a very obvious line of "are you trading on information on the market". An HFT doesn't even have the ability to front-run unless they are also providing a brokerage service.