Feed Me, Seymour! Audrey II – the HFT Market Maker

31

July, 2012

 

In the 1986 musical, Little Shop of Horrors, the owner of a flower shop threatens its closure due to low traffic, and employees Audrey and Seymour convince him to keep and display a “strange and interesting plant” (Audrey II) to beef up traffic. But Audrey II gets insatiably hungrier as it grows larger, and it demands to be constantly fed.

High Frequency Market Makers dominate our markets today. They not only dominate the trading volume and order/message flow traffic, they dominate the SRO rulemaking as you well know. If you ever

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