Sep
28
The HFT Boys Have Won…For Now, from Jeff Watson
September 28, 2011 |
If HFTs [High Frequency Traders] are making the big bucks in those markets, then we should be jumping on the bandwagon and taking advantage of that non-level playing field. Anything for an edge, and we all quest for the elusive edge, the overlay, and the HFT boys have won this round….for now. I admire those who can use technology to beat the market with better data, better systems, better and faster execution etc. This is just a culmination of the quest for a distinct edge first publicly demonstrated by N.M.Rothschild when he used courier pigeons to relay news faster than the competition.
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You neglect to mention one of the most important things about using technology, and that is the choice of which markets to model.