Are the markets rigged?

So back in my junior year of college i came across flash boys and became obsessed for a little while about markets and their infrastructure. After rereading the book recently i was curious if anyone has ever had actual experience with not being able to get the shares you wanted because of the "front running". Are HFT's still doing what Katsuyama proposed in flash boys? I understand that some HFT's do serve a purpose and provide liquidity etc. Are some HFT's still gaming the system?

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Hi PocketAces--, check out these threads:

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  • FX high frequency Hey guys, New to the board here. I am very interested in the high frequency trading world in FX. ... Anyone here work with / deal with FX HFT Thanks! fx high frequency ... Can anyone give me an overview of who the big players are? What does the industry look like right now? ...
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talked to the other co-founder (not katsuyama) in their office during a visit. he said that some exchanges/hft still try to game the system and they're even developing the tech to counter that (with some prof from columbia). sorry if it doesn't help a lot, don't really recall exactly what he talked about since it was a few months ago

 

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