From Danielle Park's blog.
Cloaked in speed
The following chart offers some perspective on the time increments in which High Frequency Traders armed with advance order info purchased from the brokers and preferential proximity and access from the exchanges, are able to scalp billions from unwitting market participants faster than the eye can see. The chart comes courtesy of this excerpt from “Flash Boys”: See, The Wolf Hunters of Wall Street You can also learn more about the mechanics of HFT in this 2013 film: The Wall Street Code.
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