3 ms·Doesn't mean said participants can't get together and complain about it to try and improve market liquidityby chris_va 2y agoDoesn't mean said participants can't get together and complain about it to try and improve market liquidityusefulcat 2y agoHow is market liquidity relevant here?chris_va 2y agoHFs are not very liquid, which makes it easier for managers to charge fees without losing their book of business.