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I stopped at "Perhaps the best description of the rigged game HFT’s play comes from the book..." Just because they aren't guaranteeing your execution price whe
by HiLo 11y ago
I stopped at "Perhaps the best description of the rigged game HFT’s play comes from the book..."
Just because they aren't guaranteeing your execution price when you trade in larger size blocks doesn't mean the game is rigged. This has been discussed to death. Sure, a few bad apples used the technology for frontrunning, but then we have a frontrunning problem, not an HFT problem.
Furthermore, just like the stat arb strategies of the past that eventually expanded beyond Wall St into everyday retail and online analytics, HFT strategies may be hard to understand but it's not like this is some mafia forcing you to pay a toll to trade... it's far, far more nuanced.