"HFT makes nothing but money for Nasdaq, and narrows spreads for investors."
HFT makes a pile of money for Nasdaq. But narrows the spread?
Prove it.
Here's one of thousands of examples that shows otherwise.
HFT makes a pile of money for Nasdaq. But narrows the spread?
Prove it.
Here's one of thousands of examples that shows otherwise.
A) flip nickles: heads you keep get the nickle, tails your opponent gets it B) flip pennies: heads you keep the penny 98% of the time, 2% of the time some other third party gets to keep it (an HFT outfit), your opponent gets it
Would you take A or B?
I'm curious why you think I should have to "prove it" if willing buyers are trading with willing sellers on an exchange they chose to trade on. Seems pretty anti-market for a finance company.