How HFT Has Killed Market Basics - UrbanSurvival
How HFT Has Killed Market Basics - UrbanSurvival
Just one example in this great article:
Just one example in this great article:
Say you enter an order to buy 100 shares of XYZ. The trading house
you’re with might buy 1,000 shares for a fraction of a second – just
long enough to drive the price up. Depending on machine speeds, another
outfit notices the price and buys 1,000 shares, too. And a third,
perhaps.
By the time your poor order for 100 shares is actually “filled” what
happens? You pay a fraction of a cent more. Regulators don’t care
because they view it as “petty crime” but it happens millions of times
per day so it adds up.
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