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HFT as you read it in most stories/comments is trying to imply is what Mark Cuban is hinting at in his blog post that also made the front page. Being fast or ha
by apaprocki 13y ago
HFT as you read it in most stories/comments is trying to imply is what Mark Cuban is hinting at in his blog post that also made the front page. Being fast or having low-latency does not make you a bad person. Using those advantages to front-run books or other "tricks" are what people imagine when they think of HFT with a negative connotation.
A firm simply unloading thousands of shares in 100 block increments in a number of milliseconds with very low latency technically would be a bunch of "high frequency" trades, but that type of activity is not what is being debated.
- wglb 13y agoHFT does not front-run trades. This is an apparently common misconception. Mark Cuban misunderstands a lot of things, including Dennis Rodman and High Frequency Trading.
- tptacek 13y agoSince you two are both personal friends of mine can I just point out that (a) you both know a bunch of stuff about markets and (b) Andrew works in R&D at Bloomberg. :)
- apaprocki 13y agoI should have said "allegedly" :) I wasn't making a statement that they do/don't, just that those actions are what are considered the evil behavior.
- wglb 13y agoAh, got it. Sorry if I was overly blunt.