3 ms·

Wait, are you saying HFT are great and should be kept because their business model looks like its collapsing?

• positr0n 10y ago
  No, he's saying HFT are great and should be kept because they are a net gain for society. They lower spreads and take margins away from the huge players. So much so, that the big players are lobbying for taxes like this to make HFT less effective so they can make more money for themselves. HFT is just another example of software eating the world and doing a job that used to be done by humans more efficiently. This is a good introduction to the mechanics of what HFT is, written by... yummyfajitas on HN I think? https://www.chrisstucchio.com/blog/2012/hft_apology.html https://www.chrisstucchio.com/blog/2012/hft_apology.html