5 ms·

The whole point of this article is to present a pro-HFT viewpoint. I don't have an opinion either way (yet), but this is clearly written by someone with an HFT

• jerf 12y ago
  I like to look at the objective facts that are very hard to spin. There aren't many of them, but you can make a lot of hay with them. "We tried not including this thing, and it didn't work, and then we put them in, and it did work" is a very powerful argument, since I value reality and real things over any amount of handwaving and theory. That's something that can't so much be spun as rebutted, hence my phrasing. (For instance, perhaps it's simply a lie. I don't know.) (The Great (Psuedo-)Intellectual Temptation is to privilege theory over facts. It is not a path that leads to anything useful, but it sure is a popular one.)
  • jbooth 12y ago
    Just to throw it out there (I don't have the answers here), but "We made a private dark pool, tiny relative to the size of the overall market, and it was illiquid without HFT" isn't really the same thing as "the stock market would be illiquid without HFT".
• tptacek 12y ago
  It is? What's your evidence of his bias?