Basically the lesson here is: don't underestimate how stupid HFT algorithms can ... | Hacker News

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sonthonax on Nov 19, 2021 | parent | context | favorite | on: Crypto Wash Trading

Basically the lesson here is: don't underestimate how stupid HFT algorithms can be, especially when there isn't really a penalty for doing this.

I've worked at an above board HFT with a big crypto desk, and this happened constantly.

dqpb on Nov 19, 2021 [–]

> especially when there isn't really a penalty for doing this

Executing unprofitable trades is its own perfect penalty, is it not?

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