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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (23709)	3/25/2025 8:10:05 PM
From: Elroy	Respond to of 27133

To guestimate how much this matters, perhaps... I thought you were already convinced high frequency traders were stealing from us little guys. I'm not convinced that's true. I don't know how they make their money, but when one of them bids a small amount above us when we're best bid, the seller gets a slightly higher price. It's reasonable that the HF guy should get the sale rather than our lower price. But I think it's unfair that the HF trader can pay $123.561 for a stock, while we can only pay $123.56 or $123.57. How'd they get that 1/10th of a penny limit order ability, and if they can do it, why can't we?