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by TruthAndDare 3656 days ago
> It's bad enough that those with sufficient computing speed/power can already rip off the stock market

Who is getting ripped off?

1 comments

Any one who agree with the narrative outlined in Flash Boys (which I do), thinks that HFT is basically a drain on the economy. It doesn't help allocate capital more efficiently or provide any liquidity when it's actually needed. It uses speed and deliberately rigged market rules to take returns fro people that are trying to put capital to work (either as investors or as businesses).