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>What you haven't made clear is why you believe you're actually arguing with anyone here. I am 100% certain, because I've had the conversation with him multiple times, that 'kasey_junk agrees with you that there is such a thing as malignant electronic trading.

I was arguing that sub-second algorithmic trading cannot be credited with substantially reducing spreads in the early 00s.

kasey_junk linked to an article that claimed that.

It's a defense of HFT that's rolled out so often that it's practically become a cliche.



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