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JumpCrisscrossyesterday at 8:21 PM1 replyview on HN

> Perhaps Texas could use a different trading model that doesn't require ultra high speed trading

Wall Street (as in the sell side) is strongly incentivised to stamp out high-speed trading. It undercuts their dealer model. They have tried and failed to come up with an auction model that eliminates HFT without tradeoffs that real investors find unacceptable.


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smallmancontrovyesterday at 8:38 PM

Didn't HFT compete itself out of outsized profitability years ago? So now we get instant super liquidity for pennies?

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