2 ms·
The $0.02 spread you pay is the cost of getting filled right now. The cost of it getting filled right now against the maximum spread they can find, even if tha
by Confusion 16y ago
The $0.02 spread you pay is the cost of getting filled right now.
The cost of it getting filled right now against the maximum spread they can find, even if that means executing a dozen obscure orders that cancel each other out in such a way that the spread can be reaped.
If HFT's are actually creating value (or preventing value from being lost), they are immediately cashing all of it. I'm not sure that counts as something good. Inevitable perhaps.