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Seems like this book is causing quite the ruckus with certain brokerages: http://pressroom.aboutschwab.com/press-release/corporate-and-financial-news/schwab-sta

Seems like this book is causing quite the ruckus with certain brokerages: http://pressroom.aboutschwab.com/press-release/corporate-and-financial-news/schwab-statement-high-frequency-trading http://pressroom.aboutschwab.com/press-release/corporate-and... Yet they are more than happy to sell their order flow to market makers who use HFT. (To allow them to trade against it before going to the exchange - as is customary - nothing wrong with that) http://www.schwab.com/public/schwab/nn/legal_compliance/important_notices/order_routing.html http://www.schwab.com/public/schwab/nn/legal_compliance/impo... Seems like they are jumping on the populist bandwagon by claiming "HFT bad!" but I think what they mean is "HFT bad - unless it's from one of the firms we sold our order flow to!"

AustinScript 13y ago
I would disagree that this would be considered jumping on the populous band wagon, if you've read the article, you'll see that Schwab originally released an Op-Ed in the summer of 2103 echoing similar concerns. He took a public stance on HFT a full year before the book was released. Taken directly from the release you linked-> As we noted in an opinion piece in the Wall Street Journal last summer. http://blog.themistrading.com/talk-to-chuck-about-hft/ http://blog.themistrading.com/talk-to-chuck-about-hft/ http://online.wsj.com/article/SB10001424127887323582904578484810838726222.html http://online.wsj.com/article/SB1000142412788732358290457848...