3 ms·

No, it is proof that they are parasitically extracting money via non-productive strategies like latency arbitrage and order front-running.

• bawolff 1y ago
  Which is changing market conditions.
• jpfromlondon 1y ago
  Liquidity provision is valuable though, and it's not really parasitic to exploit inefficiencies, it's not even that profitable a strategy today.
  • UltraSane 1y ago
    It isn't nearly valuable enough to compensate for the wealth HFT extracts from the market.
    • jpfromlondon 1y ago
      your information seems to be at least a decade out of date