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• Archive: https://archive.is/wip/1p5tx Why is this coming to market now?The Market Making style of Scalping is becoming a lost art.
• Many people are under the impression that what HFTs do is market making but that is not really the case.
• Certainly in Futures markets, HFT participation is now quite low, you only have to look at the small amount of depth in the Order Book to figure that out.
• Gary Norden is one of the few people that still trades as a Market Maker and still teaches it.
• He teaches so few people now and the number is reducing each year as his work with Hedge Funds and other projects doesn’t give him much time for mentoring.