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Re:How the Flash Crash Trader’s $50M Fortune Vanished by jliptzin on Friday February 10, 2017 @02:32PM (#13618151)
I don't consider arbitrageurs parasites. They ensure that I am paying a fair price for my SPY shares.
Re:How the Flash Crash Trader’s $50M Fortune Vanished by baloneyman on Friday February 10, 2017 @06:28PM (#13619844)
Arbitrage that only exists due to the technicalities of market microstructure is parasitic to me. True HFT identifies trades with no risk; a long and a hedge at the same microsecond. That's just fractions of pennies that true risk takers lose, every day. They don't care at all about the intrinsic value of the security