Flash Crashes also have no effect on the wider market. When you look at end of day prices for various stocks and indices, there is only a single symbol where you can actually see the effect of any flash crash:<p><a href="https:&#x2F;&#x2F;www.chrisstucchio.com&#x2F;blog&#x2F;2012&#x2F;flash_crash_flash_in_the_pan.html" rel="nofollow">https:&#x2F;&#x2F;www.chrisstucchio.com&#x2F;blog&#x2F;2012&#x2F;flash_crash_flash_in...</a><p>Also, HFT lowers the price for people who do have information to trade with it. In this way, while HFT adds little information of it&#x27;s own, it does enable better information transmission.