BogdanCalin
Joined 14 years ago
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Joined 14 years ago
However, thinking logically about the whole HFT business: As I understand it it's something like this:
Let's say I want to buy 100 apples at $1 a piece. A middle man comes and says: I see that you want to buy 100 apples. Let me buy them for you. Here they are (an apple is now $1.001)
Why do I need this middle man to steal from me? You will probably say that they are providing liquidity. It's still stealing and the markets had enough liquidity before the whole HFT gang came.
Maybe I'm wrong, if so please explain me why.
I don't buy the "providing liquidity" defense of HFT.
http://blogs.wsj.com/moneybeat/2014/04/03/schwab-on-hft-grow...