by Robalyst
Retail trades are, for the most part, neither smart nor large. Because they’re less likely to send shockwaves through the market, HFTs can, the thinking goes, offer them better prices. Virtu CEO Douglas Cifu said in an earnings call that the company provided more than $300 million of “price improvement” to retail traders during the first four months of 2020.
“Come gather around people, wherever you roam
And admit that the waters around you have grown
And accept it that soon you’ll be drenched to the bone
If your time to you is worth savin’
Then you better start swimmin’ or you’ll sink like a stone
For the times they are a-changin…”
(Bob Dylan)
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