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A High Frequency Trader's Apologia, Part 2
- SkyMarshal 15y agoNice intro, though I think you can take it further. One addition I'd be interested to see is how do modern markets with HFT compare to markets 20 years ago, or whenever the pre-HFT era was. How does the liquidity of each, and more importantly the cost of liquidity of each, compare? Was lack of liquidity really a problem in the pre-HFT era?