HFT....The Nemesis of the Markets!!!!
A very interesting perspective from someone who knows the ins and outs of HFT. In a nutshell, all traders suffer in this rigged market (particularly the US market) and it is legitimized by cosy deals between exchanges and HFT traders who pay lucrative fees to exploit zero risk opportunity and lobbyists who have the regulators in their pockets. If all traders experienced a level playing field then all is at least fair, but clearly this is not the case with this form of exploitation.
To avoid the long winded startup for those interested specifically in the issues surrounding HFT commence at 22 minutes into the podcast.
HFT provides liquidity .....pffft....it's the exact opposite!! The only benefit is that it encourages innovation in communications and the drive towards lower latency. All other benefits get swallowed like a black hole by HFT traders.
I wish I could say enjoy the podcast....but perhaps it's best to say 'Get enraged by this podcast'. We know this happens but it is great to hear the details from the horses mouth. :-(
A very interesting perspective from someone who knows the ins and outs of HFT. In a nutshell, all traders suffer in this rigged market (particularly the US market) and it is legitimized by cosy deals between exchanges and HFT traders who pay lucrative fees to exploit zero risk opportunity and lobbyists who have the regulators in their pockets. If all traders experienced a level playing field then all is at least fair, but clearly this is not the case with this form of exploitation.
To avoid the long winded startup for those interested specifically in the issues surrounding HFT commence at 22 minutes into the podcast.
HFT provides liquidity .....pffft....it's the exact opposite!! The only benefit is that it encourages innovation in communications and the drive towards lower latency. All other benefits get swallowed like a black hole by HFT traders.
I wish I could say enjoy the podcast....but perhaps it's best to say 'Get enraged by this podcast'. We know this happens but it is great to hear the details from the horses mouth. :-(