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by brazzy 5056 days ago
I think you missed the main point of the article: that the activity of HFT algorithms overwhelmingly takes the form of quotes that never lead to trades and only serve to manipulate prices or create an information asymmetry.
1 comments
Variance 5056 days ago
See the excellent comments on this at [1] and [2]. The stuff that HFT currently does can't really cause anything too disingenuous.

[1]http://news.ycombinator.com/item?id=4395986 [2]http://news.ycombinator.com/item?id=4395834

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