Yeah, "liquidity" is the standard bullshit distraction trotted out every time HFT is discussed here. Strangely enough, we've got "yummyfajitas" defending it again, which maybe, just maybe, might have something to do with the fact that he works in HFT.
As for liquidity, since the bots only make trades with the goal of shaving off tiny little slivers of profit on millions of trades, why and how would one of those sweaty guys ever buy anything from them? Even if one wanted to, the opportunity to buy might pass in a couple of microseconds.
All in all, working in HFT or even the financial "industry" at large, is complete bullshit. No self-respecting, decent human being should do it. No matter how you look at it, your mission there is to help world-raping scumbag bankers and the like make more money. They certainly don't need it.
Finance still, though? I bet it's difficult to let go of the fat paychecks.
> As for your other questions, I suggest you go read my blog posts on the topic. They answer all your factual questions.
Ah yes. I was just giddy with delight when you used Futurama character names in those examples. How could I not love everything HFT represents after that?
> Your guesses as to my personality type and employment situation are just as wrong as your speculation about the nature of HFT.
That's easy for you to say. We're both human though. Humans are above all selfish, and have a hard time letting go of easy money.
So who knows, if I were some kind of math wizard living in the US, I might have ended up working for a bunch of sociopaths too. It's possible I'd be here on HN, rationalizing and defending HFT and blowing smoke up people's asses with cutesy link-bait-titled posts about it.
I didn't actually say anything about your personality type though.
We shouldn't even bother, but perhaps you'd care to point ouf my mistakes in describing "the nature" of HFT?
As for liquidity, since the bots only make trades with the goal of shaving off tiny little slivers of profit on millions of trades, why and how would one of those sweaty guys ever buy anything from them? Even if one wanted to, the opportunity to buy might pass in a couple of microseconds.
All in all, working in HFT or even the financial "industry" at large, is complete bullshit. No self-respecting, decent human being should do it. No matter how you look at it, your mission there is to help world-raping scumbag bankers and the like make more money. They certainly don't need it.