
Providing liquidity?
How about taking your liquidity away!
Anyone wonder why they are so protective of their high frequency turf, and the people from Goldman Sachs put out glossy brochures showing that their high frequency trading really only just narrows spreads?
And why Cramer said that high frequency trading was an issue over a non-issue?
Citadel's flagship funds were down about 50% last year, while their internal high frequency funds were up 40%.
And yet these folks will tell you that "flash" trading just helps the market provide liquidity!
To them!
No comments:
Post a Comment