It's a big deal to everyone who is not a "professional" trader. Oh and by the way, HFT mostly trade low volume at high speed. In other words, trading 5 shares of Apple 5 million times an hour. That makes money. It's not about the big pay-off. It's about the pennies all adding up. And also explain why the stock was wildly moving all over the place.
Personally I think this type of trading should be illegal. Right now, unless you have a data center right next to the exchange you are trading at a disadvantage. And it just adds to the many reason why I think the game is rigged. To favor the big houses. You're almost better off at Vegas.
Personally I think this type of trading should be illegal. Right now, unless you have a data center right next to the exchange you are trading at a disadvantage. And it just adds to the many reason why I think the game is rigged. To favor the big houses. You're almost better off at Vegas.