I certainly do. HFT traders were evil incarnate — taking billions from Mom and Pop investors. Michael Lewis even wrote a sensational book “exposing” them.
Trouble is — it was much ado about nothing (as I said back in the day much to the consternation of many, many here.
HFT is nearly dead as a business now due to lack of profits.
Revenues at HFT firms from U.S. equities trading were an estimated $1.1 billion last year, down from $7.2 billion in 2009, according to research firm Tabb Group.
www.wsj.com/…
Goodbye HFT as a boogeyman. (It was never true). We won’t miss you.