On: HFT in My Backyard

[auntienomen]

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...