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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 lotsoflumens on Thursday May 04, 2017 @08:05PM (#14270042)
No, the idea the HFTs reduce spreads is false. See the research done by Nanex: http://www.nanex.net/aqck2/4594.html
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