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But do you agree that automating market making has lead to lower spreads and thus lowered the cost of trading?
by harryh 12y ago
But do you agree that automating market making has lead to lower spreads and thus lowered the cost of trading?
- conistonwater 12y agoYes, I agree. Was that not clear? If not, I expressed myself poorly.
- harryh 12y agoAh cool. It's much more important to focus on these reduced costs than to focus on the timescales involved in HFT. You are right to say that humans don't care about millisecond timescales but they do very much care about price. Only the computers care about those timescales but it's by fighting it out there that they can give you the best price.