In the Hacker News comments on part 1 of this series, there were several comments suggesting that HFT’s somehow steal pennies from ordinary investors. I don’t agree with this claim, but I’m very interested in hearing well reasoned disagreement.
I would go past this and say that anyone who did come up with a "logical" argument would be ignoring time value of money.
I would go past this and say that anyone who did come up with a "logical" argument would be ignoring time value of money.