Re:A Gazillion-Dollar Standoff over Two High-Frequency Tradi...
by lordnacho on Monday March 11, 2019 @03:21AM
(#19357252)
A guy is willing to buy some shares at 101 on exchange A. Another guy is willing to sell the same shares at exchange B for 99. Neither of them has the budget to connect to both exchanges.
HFT has connections to both and can see the cross. Everyone is better off.
This might be different in the US due to NMS, but HFT strategies are all pretty similar: they can provide liquidity better if they are fast, and other people can take advantage of that.
HFT has connections to both and can see the cross. Everyone is better off.
This might be different in the US due to NMS, but HFT strategies are all pretty similar: they can provide liquidity better if they are fast, and other people can take advantage of that.