054: Rishi Narang – Components of a Black Box, Humans Versus Computers, and High Frequency Trading
Chat With Traders
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The Importance of Direct Feeds on Equity Exchanges
The idea that hft's are front running as an example is completely idiotic. An hft can pay the exchanges an extremely expensive cost on the order of a couple hundred thousand dollars per year to get access to direct fees for real time feeds. The problem with this being called front running besides it's just being stupid is that it's like saying that i read the newspaper before you this morning and therefore i knew what happened the newspaper tells me what already happened so the fact that i'm making a point about finding out what already happened faster is like totally different from front running.
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