> I feel they perform an important stabilizing function within the markets I'm not convinced that's true. E.g. see https://www.researchgate.net/publication/228

> I feel they perform an important stabilizing function within the markets I'm not convinced that's true. E.g. see https://www.researchgate.net/publication/228261350_The_Flash_Crash_The_Impact_of_High_Frequency_Trading_on_an_Electronic_Market https://www.researchgate.net/publication/228261350_The_Flash...: "We conclude that HFTs did not trigger the Flash Crash, but their responses to the unusually large selling pressure on that day exacerbated market volatility." That doesn't sound at all like "an important stabilizing function".