Great video...Thanks.....btw, its not about a hft trader that blew up, rather its about a hft firm that blew up. This guy was CEO of that hft firm
Before high speed trading a buy side order went to a market maker who took the bid/ask diff, 25 cents or so, to handle the order, no? Now everybody is made to fight over that 25 cents. I'm not sure that the buy siders aren't better off now.