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by kasey_junk 4457 days ago
That is a completely inaccurate generalization about what HFTs do. There is a class of HFT that does latency/venue arbitration but it is a very small niche.

The vast majority of HFT volume on the other hand is traditional market making. This HFT market making is much more efficient and fair than human market making was. It is driving down the bid/ask spread to the thinnest possible levels (at least the thinnest legal levels). This is the single biggest driver to you getting the best price.

Being a retail investor right now is the best it has ever been and HFT systems are a large reason why.