[kasey_junk]

If you read carefully you will notice noone in HFT is ever offered a chance to speak about the issues. That is extremely telling.

There are 2 major forces in the markets, on one side are market neutral participants that are not taking a position long term. For the most part they are market makers selling liquidity.

On the other are large block traders, largely hedge funds who want to take advantage of that liquidity at the cheapest price.

Those 2 groups are naturally hostile to each other. Flash Boys presents, potentially in bad faith, only 1 side of that equation.

For instance, that you think the profits in HFT rival those generated by the hedge funds that back IEX is very telling. They are orders of magnitude different & are dominated by the hedge funds. That money also comes out of the pockets of investors.

That you don't mind it being inaccurate in its central thesis is problematic for those it paints negatively, but exactly what those on the other side want.