HFT Now 84% Of Stock Trading

Zero hedge notes:

The proportion of US trading activity represented by buy and sell orders from mutual funds, hedge funds, pensions and brokerages, referred to as “real money” or institutional investors, accounted for just 16 per cent of total market volume in the form of buying, and 13 per cent via selling in the final quarter of last year, according to analysis by Morgan Stanley’s Quantitative and Derivative Strategies group.

It is just about over. Markets are thoroughly broken already, a couple more quarters will see HFT over 90%, and it will probably asymptotically approach 100% for a year or two. All “real money” stock trades will be done off the exchanges, either offshore or in “dark pools,” as the HFT boyz feast off one another’s carcasses.

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