everyone here is an elite trader or at least behaves like oneI didn't miss shit, I am a trader, so I don't go that route.
Most of the market makers are what you call HFT and most of the transactions involve a market maker at least on one side (except for dark pools and similar venues). The market makers are simply short-term liquidity providers, so it does not invalidate these transactions as an instrument of price discovery.Exactly HOW MUCH of the liquidty and transactions everyday in the stock market is HFT???? Not exactly CALPERS, which of course isn't properly funded, like the others.