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> Every time you buy or sell anything, you make less profit because someone is front-running you. The whole front-running charge w.r.t to HFT is such nonsense.
by AndrewBissell 13y ago
> Every time you buy or sell anything, you make less profit because someone is front-running you.
The whole front-running charge w.r.t to HFT is such nonsense. When you send a market-taking order to an exchange, there's no way for an HFT trader to see that order before it hits the market and game it. On the other hand, if you want to get cute and work the bid or offer, then yeah, someone who can process and react to the market data feed faster will have an advantage over, say, some overpaid fund manager who's just trying to mimic the S&P 500 and is still getting his data from a Quotron machine.