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> if I hire a broker, I expect them to buy and sell stocks in the way that best benefits me, not whichever one benefits some high-frequency trading firm the mo
by sz4kerto 12y ago
> if I hire a broker, I expect them to buy and sell stocks in the way that best benefits me, not whichever one benefits some high-frequency trading firm the most.
This is not just the ethical way, this is the only legal approach. As a broker, you can't frontrun, etc.
- tptacek 12y agoI don't feel like I remember _Flash Boys_ making a case that GS was frontrunning its clients. In fact, the book I read was trying to make a case that the giant banks (and their clients) were victims of small shady HFT firms.