Comment by seanhunter

I give a concrete example in the GP post but the reason is that the high-speed people can take advantage of you in certain circumstances if you don’t have extremely accurate timing of things like order placement.

As another example, imagine you are placing an options order on one exchange and a cash hedge on another exchange (eg for a delta hedge). If someone sees one half of your order and has faster execution than you, they can trade ahead of you on the other leg of your trade, which increases your execution cost. This is even more important if you’re doing something like an index options trade on one side and the cash basket (all the stocks in the index) on the hedge side.

The fix for this is to use hi-res exchange timestamps (which the exchange gives you on executed trades) to tune a delay on one leg of your execution so both halves hit at precisely the same time. This ensures that HFTs can’t derive an information advantage from seeing one half of your trade before you place the other half of the order.