It's hard to know how profitable HFTs are on the whole as for the most part they are very private. That said some very big names on HFT have recently laid folks off.
As someone who hires and interviews in this space, HFT firms seem largely the same as old trading firms were. Boom bust cycles that comer and go as profitable trades shelf life expire.
As someone who hires and interviews in this space, HFT firms seem largely the same as old trading firms were. Boom bust cycles that comer and go as profitable trades shelf life expire.