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Re:How the Robots Lost: High-Frequency Trading's Rise and Fall by peterjancelis on Thursday June 06, 2013 @02:34PM (#5834308)
Buyers and sellers of stock face a spread anyway. Quants make the spread smaller by arbitraging it. They are now so good at it that the profits are down to 20% from what they were a few years ago. Mutual funds and other investors can now thus buy their stock with smaller spread, i.e. smaller 'salami slice' to give up.

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