microstructure

High-Frequency Trading

High-Frequency Trading (HFT) is a form of algorithmic trading that uses computer models and ultra-low latency data feeds to execute a very large number of orders in fractions of a second, often to profit from small price moves and brief liquidity imbalances.

Example: A proprietary trading desk uses a high-frequency trading algorithm to submit and cancel thousands of orders during a market event, aiming to profit from small, fleeting price differences across venues.

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