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by kasey_junk
4431 days ago
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" at the same time they are extracting money from the market"
This is the sentiment I don't understand. They aren't extracting any money. HFT market makers provide a service in the form of liquidity. It is natural and expected for the price of liquidity to go up as demand for it rises. There are liquidity purchasers that want to minimize the price of liquidity and therefore obscure their demand. This is also natural and expected. These are the forces that drive price discovery, this is what we want the markets to do. Computers have made this process extremely fast and efficient to the benefit of nearly every market participant. |
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