Quote from macrotrader:
So? What you are trying to say I guess is that a trader earning the spread will earn less, because even if he makes a higher percentage, the total profit will be lower, because turnover will be lower. Well, that depends on your capital base. If you are talking about algo trading, it is better to be talking about total PnL. And total PnL is low, so big players are not into this game, at least AFAIK.
