Re:Insights into High Frequency Trading from the Virtu IPO [...
by kasey_junk on Thursday May 04, 2017 @09:55PM
(#14270553)
> waste of the incredible amount of human effort to create it
The size of the HFT space is almost universally overestimated. Virtu recently tried to purchase Knight for 1.3 billion, about as much as it would take to buy Sears. Those are 2 of the giants of the industry, combined they would dominate it.
The estimated revenue numbers for all US market makers was 1.1 billion or ~3x snapchats number.
For something that speeds up & cheapens virtually every trade on the planet that doesn't seem like an outside amount of effort. At least not in comparison to showing ads to teenagers.
The size of the HFT space is almost universally overestimated. Virtu recently tried to purchase Knight for 1.3 billion, about as much as it would take to buy Sears. Those are 2 of the giants of the industry, combined they would dominate it.
The estimated revenue numbers for all US market makers was 1.1 billion or ~3x snapchats number.
For something that speeds up & cheapens virtually every trade on the planet that doesn't seem like an outside amount of effort. At least not in comparison to showing ads to teenagers.