> Best we could tell someone was front running us due to an artificial delay for our account (delay between trades went to ~20ms up from our prior steady speed of 3-7ms) and/or a bunch of the trades in the orderbook were bogus.
I wouldn't be surprised, given that traditional HFT companies are building cryptotrading desks and they have a lot more capital to play with too.
You can't simply front-run someone else by having deep pockets.
The only way that is possible is if you gain privileged information about that person's orders before they actually hit the book. The most practical way to do this is to be the exchange.
I wouldn't be surprised, given that traditional HFT companies are building cryptotrading desks and they have a lot more capital to play with too.