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> It's uncontroversial and established that spreads have significantly tightened (that means it's cheaper for market participants to trade) because of the rise

> It's uncontroversial and established that spreads have significantly tightened (that means it's cheaper for market participants to trade) because of the rise of HFT market makers. In more concrete terms, what does it achieve? Genuinely curious. It seems to me that "enabling capital to get better returns" is not a noble goal in itself (especially considering the gilded age levels of inequality we experience in the developed world today).

dahfizz 3y ago
Have you noticed that anyone can get an online brokerage account and have direct market access for zero fees? The liquidity from market makers and HFT firms have ushered in this age of free trading for the lay man. This was not possible even 10 years ago. > It seems to me that "enabling capital to get better returns" is not a noble goal in itself The majority of Americans own stock. Sabotaging the middle class's retirement to give a middle finger to some billionaires does not seem noble to me.