3 ms·
TLDR: Compounding effects that add up over time, and extremely dubious use of the words "tremendous cost (to society)."
by wdewind 11y ago
TLDR: Compounding effects that add up over time, and extremely dubious use of the words "tremendous cost (to society)."
- lberger 11y agoHFT is a tax on the markets (and by extension society).
- wdewind 11y agoI mean...that's kind of a hugely controversial point to just say as a fact. It also completely ignores the fact that HFTs employ a lot of different strategies, some of which are uncontroversially beneficial to the market (market making).