As @Aelkus frequently posts, the attention devoted to algorithmic issues often gets so inflated that it ends up serving as a boogeyman defense.
Exhibit A:
- HFT is a problem;
- They don't offer liquidity, they take it;
- But, this is obvious deflection.
https://www.bloomberg.com/news/articles/2018-12-18/mnuchin-blames-volcker-rule-high-speed-trading-for-volatility …
¯\_(ツ)_/¯
I wrote this way back when about it. But @nanexllc covers it in a cool way.
https://dispatches.artifexdeus.com/on-the-sec-and-iex-in-three-minutes-c09b789d6fe …