Everyone in this story has the same information or rather the same access to information. Anyone with know-how and the money to colocate servers at matching en

Everyone in this story has the same information or rather the same access to information. Anyone with know-how and the money to colocate servers at matching engine data centers has access to the same information. Aka every pension fund, insurance fund, mutual fund, wall st. bank (including Royal Bank of Canada, RBC), and prop-shop. If your definition of HFT is "people/firms who have access to more information on stocks than others" then HFT doesn't exist; notwithstanding illegal insider trading on private information, which isn't what this blog post describes.