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by RickHull 5169 days ago
HFT would still serve a role with subpenny increments. Nonetheless, the subpenny rule is a very important mechanic in the construction of HFT.
1 comments

I agree. I think there is currently a balance to be struck between accuracy of the price determined by the algorithm and the speed at which it obtains that price. I think removing the subpenny rule would just reduce the importance of speed and increase the importance of accuracy. I'd imagine trades would still happen extremely fast though.