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I think you missed the main point of the article: that the activity of HFT algorithms overwhelmingly takes the form of quotes that never lead to trades and only
by brazzy 14y ago
I think you missed the main point of the article: that the activity of HFT algorithms overwhelmingly takes the form of quotes that never lead to trades and only serve to manipulate prices or create an information asymmetry.
- Variance 14y agoSee the excellent comments on this at [1] and [2]. The stuff that HFT currently does can't really cause anything too disingenuous. [1]http://news.ycombinator.com/item?id=4395986 http://news.ycombinator.com/item?id=4395986 [2]http://news.ycombinator.com/item?id=4395834 http://news.ycombinator.com/item?id=4395834