3 ms·
Who is getting unfair information? Do you mean flash orders? Those no longer exist (for which I'm glad also). HFT in general though doesn't take advantage of un
by vecter 16y ago
Who is getting unfair information? Do you mean flash orders? Those no longer exist (for which I'm glad also). HFT in general though doesn't take advantage of unfair market information.
- thrill 16y agoAs far as I know, flash orders are still legal - just not being offered by most exchanges due to the public heat they received for a period.
- vecter 16y agoIf so, then they should be disallowed. Regardless, they accounted for for a tiny fraction of all trading volume. I doubt most HFT firms make much from them. Saying HFT is bad because of flash trading is like saying driving cars is bad because once in a while, someone dies from a car crash. The latter part is a true statement, but that's 0.01% of the picture. On another note, it should be pointed out that flash orders were created by EXCHANGES, not by demand from traders. The exchanges didn't want to have to route orders to other exchanges because of NBBO, so they offered this to traders hoping that someone would come fill the order at NBBO.