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Why do people trade against HFT (particularly, HFT market makers) if they just siphon money out?


Same reason people gamble. You sometimes win.


A very, very large majority of all trading volume is done against HFT market makers. Regardless of the non-HFT trader's motivations, they appear to consistently trade with the HFT market maker over some other participant -- why is that? Even in the case when their motivation is to gamble, why gamble with the HFT as opposed to a non-HFT order?




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