2 ms·
Isn't the fact that people trade against their quotes sufficient evidence? After all, if someone besides the HFT had a better quote (e.g. better price), people
by consz 11y ago
Isn't the fact that people trade against their quotes sufficient evidence? After all, if someone besides the HFT had a better quote (e.g. better price), people would trade against that instead of the HFT's quote.
- ricardobeat 11y agoNo. Not unless they become high-frequency traders themselves. HFT will always win the trade since they can instantly offer a 1 cent lower price.
- consz 11y agoThat sounds like the HFT is providing a better bid-ask spread.