alt Hacker News> point isn't to make something 'wall street hates' it's to make something that doesn't get money eaten away by automated computers
Wall Street lobbies to ban HFT because HFT’s computers eat away less than traditional dealers would.
Retail investors railing against HFTs are sort of like those San Francisco types who protest new development to the benefit of their landlords.
Retail investors railing against HFTs are sort of like those San Francisco types who protest new development to the benefit of their landlords.
It's nothing like that since there isn't a limited resource and everyone has access to the core purpose, which is to trade stocks.
What I notice with these discussions is that no one can actually explain why a retail investor or anyone would want computers trading underneath them millions of times a second.
At best they try to give hft credit for the automation that happened with computers anyway.
The only people that want it are the people doing it. That's not a business, that's a grift.