Quote from Clubber Lang:
When did I say that?
If you could read, the article states-
"according to estimates from the brokerage firm Rosenblatt Securities"
When did ESTIMATES from Rosenblatt securites become auditted numbers from the IRS?
I'm saying that if one HFT shop that I know was making 300-400 million, there's no way the entire industry was only doing what the article states
And is it representative of the entire industry? I am quite sure a lot of HFT firms actually lost money this year. They are using incredibly costly technology on shrinking margins. There is no greater success in trading HFT than trading in general, for every firm that made 300 M there is 3 Start-ups that lost 10...You don't have a better estimate than Rosenblatt Securities just by knowing the results of one firm.