HFT profits come from the money that the specialists/dealers used to make. They ... | Hacker News

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kylebrown on Oct 22, 2013 | parent | context | favorite | on: How to lose $172,222 a second for 45 minutes

HFT profits come from the money that the specialists/dealers used to make. They were the guys standing at the podiums quoting bid/ask prices all day.

sergiosgc on Oct 22, 2013 [–]

If that were true, then removing HFT would bring back floor dealers. Clearly, it is false. Electronic trading, not HFT, deprecated floor tradrs.

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