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518 points bwfan123 | 1 comments | | HN request time: 0.217s | source
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balderdash ◴[] No.44483756[source]
Having formerly worked for an NYSE Specialist firm the role of market making is incredibly important, but many large-scale HFTs today operate in ways that either stretch the legal boundaries or exploit regulatory gaps. Many practices arguably amount to market manipulation in spirit, even if technically legal. Candidly, the regulators are either too lazy, stupid, ill equipped or uninterested to do anything about it.
replies(8): >>44483821 #>>44483846 #>>44483885 #>>44484251 #>>44484632 #>>44484834 #>>44485682 #>>44492233 #
1. thinkingtoilet ◴[] No.44484834[source]
>the regulators are either too lazy, stupid, ill equipped or uninterested to do anything about it.

Or it's their friends doing it and they're not uninterested, they're very interested in ensuring it continues.