Thanks to both of you for the explanations. However, I must point out that, so far at least, no government regulator seems to consider HFT to be a crime.
Indeed. Kinda like the SEC never thought what Bernie Madoff was doing was a crime.
I’m pretty sure you’re trolling.
The don't seem to consider crony-eminent domain a crime either.
“Thanks to both of you for the explanations. However, I must point out that, so far at least, no government regulator seems to consider HFT to be a crime.”
Don’t you know? The regulators are all people who came from places like Goldman Sachs. I am not making that up. It is true and can be verified. Even Ben came from Goldman Sachs. And Turbo tax cheat Timmy(The treasury Secretary) Came from the NY FED, Where he was Good buddies with JPM.
It is a revolving door between the government regulatory agencies and the investment banks. When they leave the SEC or any place like it then they are usually rewarded with a Job back at the banks.
And Congress, The president, Ect... Get millions and Billions in “Contributions” from the big banks. With a system like that then who is going to regulate you.
As a side note. I just found out something new. Timmy is another one that grew up in foreign countries.
No surprise there. The same guys who own the HFT supercomputers to milk their muppets are the same guys who write the legistlation and regulations and hand them to our "representatives" in D.C. to pass - or not pass - just as long as GS maintains its prefered status.