Is an HFT arms race necessarily a bad thing? Doesn’t the market in general benefit from these firms viciously competing to grind out spreads+inefficiencies?
I know very little about HFT, but it seems like we’ve gone past “peak HFT margins”. With the Virtu+KCG merger, firms like Jump doing microwave stuff, it seems like return on assets for these firms could have already peaked.
I know very little about HFT, but it seems like we’ve gone past “peak HFT margins”. With the Virtu+KCG merger, firms like Jump doing microwave stuff, it seems like return on assets for these firms could have already peaked.