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A comment on Algorithmic Trading with Go. Parent comment

Re:Algorithmic Trading with Go by TheAlchemist on Friday June 30, 2023 @09:01PM (#36545023)
The jobs in algo trading are very interesting for technically - mathéamtically inclined people. It’s really one of those fields where you have a direct impact on the results of your - measurable in additional dollars made.

There is 0 social impact. That’s the downside of course - but hey, how many jobs out there are really having any kind of positive social impact ? Not 0, but close to it.

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Re:Algorithmic Trading with Go by ir123 on Saturday July 01, 2023 @02:22AM (#36547230)
I think there is some impact, for finding the correct price of things.
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Re:Algorithmic Trading with Go by MagnumOpus on Saturday July 01, 2023 @04:04PM (#36554496)
That impact is not made by HFT - finding the right risk premia for different investments is very valuable but that is a signal measured over days/weeks/months because actual capital investment decisions take that long.

Intraday financial games are zero-sum. What HFTs gain, they leech away from mutual funds and pension funds and retail investors and market makers who operate over a longer horizon.

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