No one needs 29,000 trades a second liquidity. HFT serves no market making funct... | Hacker News

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ahi on March 27, 2012 | parent | context | favorite | on: Apple and the risks of trading 29,000 times per se...

No one needs 29,000 trades a second liquidity. HFT serves no market making function. It is a drag on market operations and confidence.

cube13 on March 27, 2012 [–]

No trader is doing 29,000 trades a second.

BATS is an exchange like NASDAQ. They're facilitating and executing trades for their clients. NASDAQ handled 70k per second in 2008, and could handle almost 4 times that load(http://www.forbes.com/forbes/2009/0112/056.html).

HFT has nothing to do with this.

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