>> "HFT is basically just computerised market making." Except that they are not real-deal market makers, haven't signed those contracts with the exchange, etc.

>> "HFT is basically just computerised market making." Except that they are not real-deal market makers, haven't signed those contracts with the exchange, etc. Which means when times are tough, HFT's and their liquidity will vanish very quickly. And that's exactly when we need them.