What the interns have wrought, 2020 edition

Re:What the interns have wrought, 2020 edition by nickbauman on Tuesday August 25, 2020 @04:14PM (#24275592)

So that's the missing part you say? The Internet has been the biggest catalyst of disintermediation in history. But this is not disintermediatable without HFT?

[ Parent | on HN ]

Re:What the interns have wrought, 2020 edition by cltby on Tuesday August 25, 2020 @04:42PM (#24275843)

My question is pure nuts and bolts.

A and B wake up one morning and want to trade MSFT. Both submit orders to "the market." You claim HFT somehow inserted itself into the middle of the transaction.

I'm asking if you can fill in the blanks on how this is possible.

[ Parent | on HN ]

Re:What the interns have wrought, 2020 edition by nickbauman on Tuesday August 25, 2020 @05:22PM (#24276295)

I thought that was clear: prior to HFT, the seller would have made the deal with the buyer without the intermediary HFT because if the latency. HFT exists because of speed. Very hard to say "High Frequency Trading" without saying "High Frequency".

[ Parent | on HN ]