individual investors from the market and eliminating virtually any link between valuation and market price.
The problem with all of the above is that no one seems to be able to specifically define what HFT actually is.
According to Joseph Saluzzi, co-author of the book Broken Markets, the defining characteristic of HFT is speed. Saluzzi says the rules of the game are simple: “If your computer is faster than the other computer, you can win the trade.”
See the full “Breakout” interview below:
Related: (NYSEARCA:SPY), (NYSEARCA:DIA), (NASDAQ:QQQ)