FLFT - What does FLFT stand for? The Free Dictionary
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ln GINIt = [alpha]2 + [beta]10 ln SSEt + [beta]11 ln MIIt + [beta]12 ln PCIt + [beta]13 lnURBt + [beta]14 ln FLFt
+ u2t (3)
lnUFSRt = [alpha]1 + [beta]5 ln MIIt + [beta]6 ln FSSEt + [beta]7 ln HIIt + [beta]8 ln FOODt + [beta]9 ln FLFt
+ u1t (3)
Their cost of trading would go up from the increase in spreads, but this would be more than compensated for by the more advantageous trades they can make with HFTs because of the reduced ability of FLFTs
to detect indications of possible informed trading.