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My impression (especially given his whole section on frequency of trading) was that this was NOT about HFT (which you seem to be describing), but rather a way t
by gknoy 14y ago
My impression (especially given his whole section on frequency of trading) was that this was NOT about HFT (which you seem to be describing), but rather a way to choose what to buy/sell and when.
- kasey_junk 14y agoHe's not describing HFT, he's describing an illegal activity that is not technically possible on any venue I know of.
- Roboprog 14y agoHow is HFT materially different than actual front running by a broker? You might not have individual orders from your own customers in front of you, but clearly your only interest in an equity is to find activity and sponge off a few cents by holding shares for a fraction of a second. HFT is just a legal way to pull almost the same scam.
- Roboprog 14y agoIt's a bit unclear: is it just about automated market research, or automating the transactions as well. The latter starts to wander into a gray area of trying to not get beaten up by HFT thugs for investments you plan to hold, or being an HFT thug oneself for investments you have not intent to hold or to run a naked short.