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Meanderful: HFT - two choices: making money every day or oblivion

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HFT trading fintech Matt Hurd

If an HFT makes money every day the system must be rigged! It's not rigged. It's just math! I see since Flash Boys came out, HFTs have been copping flak for making money consistently. Virtu had one down day in 1200 or so days. It must be rigged. Well, the simple fact is that if you don't make money every day, then you're doing it wrong! You do, or you die. It's that simple. HFT implies that you do a lot of trades. If you do a lot of trades with a smidge of favourability, you should always be winning. It's just simple mathematics. The law of big numbers. A systematic screw-up for a day…

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