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Many observers of the market, including Michael Lewis, author of the book Flash Boys, have accused HFT firms of front running by observing order flow
Many observers of the market, including Michael Lewis, author of the book Flash Boys, have accused HFT firms of front running by observing order flow to the market and using those orders and their superior technology to place and execute their own orders before earlier "slow orders" are executed. At least for the scenarios described here, does the accusation of HFT front-running seem justified? Why or why not?
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