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A comment on Insights into High Frequency Trading from the Virtu IPO [pdf]. Parent comment

Re:Insights into High Frequency Trading from the Virtu IPO [... by anigbrowl on Thursday May 04, 2017 @07:46PM (#14269918)
I get this. I just have an intuition that some friction in a dynamic system is actually a good thing, and also wonder if the growth of HFT might not lead to an unsustainable deviation from an underlying power law distribution of trading activity.
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Re:Insights into High Frequency Trading from the Virtu IPO [... by bovine3dom on Friday May 05, 2017 @03:51AM (#14271798)
You have reminded me of an excellent article on frictional costs in economics from The Economist [1]. There is a slight snag in that it is an April Fools joke.

[1] http://www.economist.com/news/leaders/21719799-it-time-recog...

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