If you read carefully you will notice noone in HFT is ever offered a chance to speak about the issues. That is extremely telling.<p>There are 2 major forces in the markets, on one side are market neutral participants that are not taking a position long term. For the most part they are market makers selling liquidity.<p>On the other are large block traders, largely hedge funds who want to take advantage of that liquidity at the cheapest price.<p>Those 2 groups are naturally hostile to each other. Flash Boys presents, potentially in bad faith, only 1 side of that equation.<p>For instance, that you think the profits in HFT rival those generated by the hedge funds that back IEX is very telling. They are orders of magnitude different &amp; are dominated by the hedge funds. That money also comes out of the pockets of investors.<p>That you don&#x27;t mind it being inaccurate in its central thesis is problematic for those it paints negatively, but exactly what those on the other side want.