Re:Serving Netflix Video Traffic at 800Gb/s and Beyond [pdf]
by jonahhorowitz on Friday August 19, 2022 @02:48PM
(#32524700)
Not really germane to the topic, but a financial transactions tax would effectively kill HFT without the complexity that you're suggesting.
Re:Serving Netflix Video Traffic at 800Gb/s and Beyond [pdf]
by rohith2506 on Monday August 22, 2022 @07:24AM
(#32549952)
I guess you are completely oblivious to how HFT's work and their actual position in the markets. I am a bit biased considering that I work in the industry but actually working in the industry gave me the inner workings of it and how actually they help to close / tighten the bid - ask spread for various securities.
I would highly recommend you to read this book ( https://press.princeton.edu/books/hardcover/9780691211381/tr... ) or if it's too long form, read this article ( https://www.thediff.co/p/jane-street )
I am not saying HFT's are in charitable business but they do serve an important role in the financial markets.
No exchange should allow trades to complete, I would argue in any time less than 15 minutes, and each trade should have a random 1-15 minute delay pad on top of that.
The HFT access only serve the larger financial firms, and are used to do frontloading and other basically-illegal tricks. It provides anti-competitive advantage to large firms for markets that are supposed to open access/fair trading. And of course it leads to AI autotrading madness.
I get that it keeps a lot of tech people very well compensated, but it is either in the service of unregulated fraud at worst and unfair advantage at best.