[ric2b]

> I think you may appreciate this situation when others talk about your work.

Yes, I'm very much a layman on this topic.

> placing limit orders at a price where you don't believe it will execute immediately.

Isn't that a "SFT" strategy? Why do you need super low latencies for something like that?

> Are you suggesting that HFT firms all know that someone is going to come through and buy at a price level, and hop in?

That's how I've commonly seen HFT being described, that these companies would see an order on exchange A and faster than anyone else would bid on exchanges B and C accordingly.