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A comment on Initial Coin Offerings Horrify a Former S.E.C. Regulator. Parent comment

Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by sschueller on Monday November 27, 2017 @03:38PM (#15791035)
One that bothers me the most is automated high frequency trading. They can cause the entire market to crash because of one mistake.
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Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by kirillseva on Monday November 27, 2017 @03:41PM (#15791098)
automated high frequency trading also does the important work of eliminating the question "Which exchange should I buy AAPL at?"

HFT is mostly ultra-fast arbitrage programs, and the benefit of using them far outweighs the downsides.

Maybe the problem is not with HFT but in the industry as a whole

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Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by vostok on Monday November 27, 2017 @03:50PM (#15791209)
A human trader can also cause the entire market to crash because of one mistake. See Waddell trading 75k e-minis or PVM trading 7 million barrels of brent while drunk.
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