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by auntienomen
3798 days ago
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10s of billions? That's a bit optimistic. The best HFTs, of which there are a handful, have revenues of roughly $1 billion. That's revenue. Their net profits are usually in the $10 to $100 million range. (See for example, Virtu's recent IPO filing.) These are successful global businesses, but they're hardly outliers in that crowd. Hell, Twitter had more revenue last year. |
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