On: HFT in My Backyard

[tptacek]

What's particularly galling about this is that the anti-HFT narrative benefits the Goldmans and JPMs of the world. The largest technologically aggressive sell-side firms are smaller than the personal wealth of hedge fund principals.

It's almost like a bamboozling.

[auntienomen → tptacek]

I agree with your main point, but it sounds like you're conflating hedge funds and banks.

[tptacek → auntienomen]

Banks and hedge funds are both examples of buy-side firms. Confusing things further: the big investment banks all run operations that are morally equivalent to hedge funds.

[kasey_junk → tptacek]

Actually, some of the prop groups within big investment banks can be on the sell-side as well. They never use that as an unfair advantage though...