HFT shrinks spreads and provides liquidity. You’ve heard it all a thousand times, and more. It’s good for you; take your Soma! Honestly, today when investors hear those words, they are wise to the propaganda, and they discount it appropriately. The only “defense” thrown up by the for-profit exchanges’ catering to HFT at each and every turn, is that they have done so for our collective good. Because of that platitude!
But what if it weren’t true? I mean like really not true; like what if an academic study came out
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