And the tall loud guys exploited inefficiencies in trading pits and human perception. Ask yourself why I explicitly described them as "tall loud guys in brightly colored jackets"? Those are not irrelevant details.
HFTs do the exact same thing that pit traders did. They just do it faster and cheaper.
And if you really think they don't provide a useful service, you can very easily NOT buy their services - just change one flag in FIX. The question to ask yourself is why everyone chooses to trade with them.
HFTs do the exact same thing that pit traders did. They just do it faster and cheaper.
And if you really think they don't provide a useful service, you can very easily NOT buy their services - just change one flag in FIX. The question to ask yourself is why everyone chooses to trade with them.
https://www.chrisstucchio.com/blog/2014/how_to_not_get_rippe...