Hacker News new | ask | show | jobs
by tucson 4621 days ago
""It's legalized front-running. I think it is basically evil and I don't think it should have ever been allowed to reach the size that it did," he said. "Why should all of us pay a little group of people to engage in legalized front-running of our orders?""

Charlie Munger, http://www.cnbc.com/id/100705820
3 comments
smoorman1024 4621 days ago
What's the difference between HFT and traditional Human Market Makers?

May I suggest that Electronic trading and HFT have made it possible for a few people to do the work of thousands. This has brought down the cost of trading.

link
AndrewBissell 4620 days ago
Charlie's just upset that some of his bridge partners aren't scalping what they used to with their floor-based market making businesses.
link
anonymoushn 4621 days ago
Which HFT firms have access to the orders of other participants before the exchange does?
link