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A comment on A veteran programmer explains how the stock market became “rigged”. Parent comment

Re:A veteran programmer explains how the stock market became... by yummyfajitas on Monday April 07, 2014 @09:37AM (#7546377)
Didn't Canada loose out because people went to other markets instead?

Most Canadian stocks are not traded on US exchanges. So no.

As for "skimming", I'll repeat my question: can you explain the specific mechanics (i.e., what orders are placed when)? Note: if you believe FIX/OUCH has a "SKIM" command, can you link to it?

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Re:A veteran programmer explains how the stock market became... by ThomPete on Monday April 07, 2014 @09:44AM (#7546410)
With regards to the mechanics. All I have is what was explained to me by someone who started doing HFT more than 10 years ago and from those traders I know who made money by trading the same stock several time a day and taking a small fee each time they did. Back then they just didn't have computers or the knowledge to do it fast enough I guess.
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