It's an entire industry devoted to wasting enormous energy, resources and intellectual capacity.
There are simply no material external gains from HFT etc, it's completely zero-sum other than maybe a 'job creation program'.
The site ridiculously talks about 'levelling the playing field' by extending HFT opportunities to other players, which is rich, considering the playing field could be 'levelled immediately' by some really basic regulation and a few smart queuing algorithms for placing orders.
There are simply no material external gains from HFT etc, it's completely zero-sum other than maybe a 'job creation program'.
The site ridiculously talks about 'levelling the playing field' by extending HFT opportunities to other players, which is rich, considering the playing field could be 'levelled immediately' by some really basic regulation and a few smart queuing algorithms for placing orders.