
077: Dennis Dick – How to be a Profitable Short-Term Trader in a High Frequency World
Chat With Traders
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The Controversy of High Frequency Trading
A lot of the high frequency trading market making, you know, it's definitely beneficial to the market. The stuff where you get into is the more predatory market making that I don't like - penny jumping or off exchange market maker leaning on somebody else's quote for protection. But when you look at other things like layering and laying out fake orders in the past, something can be very easily abused by automated systems. And we have to take a little bit of risk as much as if those participants were quoting in the lit public exchange.
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