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I don't quite understand this argument. I certainly agree that front-running of the kind you describe would make someone a lot of money. This is one of the reas
by evanpw 12y ago
I don't quite understand this argument. I certainly agree that front-running of the kind you describe would make someone a lot of money. This is one of the reasons that being a NYSE specialist was hugely profitable back in the pre-electronic era. I'm making the statement that this sort of thing is in fact no longer possible on on any U.S equities exchange.
- Retric 12y agoI think I was talking past people. The original post I responded to said: If your insider information is exclusive and rich, you don't even need HFT My comment was there is a range of vary short term insider information that you need HFT to benefit from. That does not mean that anyone does so, just that it's something that regulators should and probably are on the lookout for.