Capital Is No Longer Scarce

Re:Capital Is No Longer Scarce by lintiness on Friday December 11, 2015 @12:05PM (#10718218)

front running is illegal, and flash boys is a book packed full of ignorance. there is no outrage over one consumer buying a house or an apple ahead of another. there's no demand for "fair" auctioning of toyota corollas. speed isn't illegal, and it's been a determining advantage in markets for eternity.

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Re:Capital Is No Longer Scarce by gherkin0 on Friday December 11, 2015 @12:37PM (#10718449)

If Flash Boys is full of ignorance, perhaps you could recommend a better book?

It also sounds like the term front running refers to many different practices, this is from the Wikipedia article:

> One common practice of high-frequency traders (HFT) is a form of front running, where they peer into various exchanges and try to detect orders as they propagate from a broker's order router.

> HFT traders place many small orders that indicate buying/selling pressure. Those with the shortest lag in reaching other exchanges then place orders on those exchanges to catch the rest of the order, at a more advantageous price.[6] According to Harvard Political Review writer Austin Tymins, HFT hedge fund Citadel LLC made billions of dollars front-running the trades of large institutional investors, many of which are investing on behalf of middle-class clients.[7]

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Re:Capital Is No Longer Scarce by harryh on Friday December 11, 2015 @06:05PM (#10720768)

> If Flash Boys is full of ignorance, perhaps you could recommend a better book?

http://www.amazon.com/Flash-Boys-Insiders-Perspective-High-F...

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