i.e. “High-frequency trading firms trade frequently.”
But besides arguable misallocation of technological and intellectual investment, what does this matter to anything? Certainly nothing to make HFT a special industry like banking.
Whenever someone starts ranting about ‘liquidity’; I can barely suppress the urge to note that, without oral rehydration therapy, excess liquidity is a common and particularly disgusting way to die.
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Every industry thinks it’s special, but only finance gets treated that way
Except maybe defense contracting, utilities, power generation, various manufacturing sectors, farming fishing, cattle, produce…
Oh nevermind, carry on with your manufactured outrage.
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