Re:I am an HFT Programmer
by philwelch on Sunday July 31, 2011 @09:59PM
(#2830343)
You could say the same about nearly every business enterprise, but the history of nationalized industry provides all the answers you need.
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Re:I am an HFT Programmer
by colanderman on Monday August 01, 2011 @06:39PM
(#2834846)
No, there are certain industries which seem to perform better when the government enters as a competitor. e.g. healthcare, postal services, police forces, military, media, communication networks... many things which we often take for granted.
As outlined by others, market liquidity is beneficial to everyone, not just bankers, but market-making driven solely by profit leads to trouble (as evidenced by recent events). This parallels other nationalized industries (such as healthcare and police forces), and I expect that the benefits other pseudo-nationalized industries have seen would extend to market-making as well.