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>Having liquidity available to take is not useless. Um, I covered that point pretty thoroughly. >It's not a tax. If you choose not to take liquidity you don't
by crdoconnor 13y ago
>Having liquidity available to take is not useless.
Um, I covered that point pretty thoroughly.
>It's not a tax. If you choose not to take liquidity you don't pay for it.
It isn't a choice. You cannot chose to not participate in an equities market without HFT. Not right now, anyway.
>If you do choose to take liquidity
You you even understand yourself what that phrase means?
- yummyfajitas 13y agoIf I post an ALO order and don't cross the spread, what "tax" do I pay to the evil HFT? And why would I not be paying this to a human market maker, in the event that HFTs hadn't driven them all out of the market?