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A case could be made that HFT is beneficial to society. The author is incapable of demonstrating exactly how HFT is "bad" beyond just claiming it's "bad". I submit that the speed at which a market can respond to changing conditions is a measure of it's health.

I believe many people would be surprised to learn that they're already engaging in HFT, by way of their pensions at the least. Mom and pop traders have already experienced significant disadvantages with regard to day-trading. Long-term trading is usually best for them.




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