people aren't mad only because tons of money is made on hft. It's also because money is _wasterd_ on hft. That's $100 million dollars spent on something that has 0 use to society. It's just rich people playing weird games.
Think about the social benefits of $100 million invested in nyc transit infrastructure.
The economy's incentive structure is broken and this is a prime example.
Think about the social benefits of $100 million invested in nyc transit infrastructure.
The economy's incentive structure is broken and this is a prime example.