On: Robinhood was indeed too good to be true

[asidiali]

I said I don’t consider a singular, multi-day position to be high frequency. Care to enlighten?

[caturopath → asidiali]

HFT does not refer to all intraday trading, but rather extremely latency-sensitive (subsecond) strategies. In markets where there is not a legal requirements, such as for US stocks, an HFT would not execute through a broker (not through Robinhood, not through Credit Suisse...they would execute directly with the trading venues they are trading in.)

[asidiali → caturopath]

Great, thanks for the explanation.

Hence my ETH bot example, which often times use cross-exchange strategies that are indeed latency-sensitive.