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Re:GameStop Is Rage Against the Financial Machine by astrange on Wednesday January 27, 2021 @08:28PM (#25936905)
Flash Boys sold front running as something bad for regular people, but you can only front run someone like Goldman Sachs. A retail trader just makes one trade at a time, he isn’t trading in multiple blocks and has nothing to front run. All HFT does for you is fulfill your trade in less than a day and get some market making fees.
Re:GameStop Is Rage Against the Financial Machine by tomatocracy on Thursday January 28, 2021 @02:44AM (#25939277)
I haven't read Flash Boys but if it describes HFT as front running then it's just incorrect.

"Front running" doesn't just mean "getting there quicker than someone else". It is a specific conflict of interest problem where the same people or firm are acting in more than one capacity - agent and principal or agent for different parties - at the same time (eg I see large customer order coming in then trade for myself/my firm before I trade for the client, potentially moving the market for them which would hurt them if our trades are both in the same direction).