Hacker News new | ask | show | jobs
by grandinj 3798 days ago
And confidence tricksters perform trust arbitrage.

This is all just ways of saying HFT is exploiting a loop-hole in a system to make money for themselves.

They could all be eliminated overnight and the free-market system would not notice their absence at all.

They don't provide a service to anyone besides themselves, they don't provide liquidity, they are nothing except parasites.