Whoever started this theory that HFT would somehow be hurt by periodic auctions must be in the HFT industry. Because disparate auctions just make it more diffic

Whoever started this theory that HFT would somehow be hurt by periodic auctions must be in the HFT industry. Because disparate auctions just make it more difficult for the myriad exchanges to maintain compliance with Reg NMS, and the fastest market makers will be the ones to make all the money arbing the auctions against one-another.