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Re:Barbarians at the Gateways: High-frequency Trading and Ex... by blumkvist on Thursday October 17, 2013 @11:30AM (#6566002)
I realized that there's a frequent uproar against HFT, so I assume people here are pretty tired of it and are not willing to discuss it/have their minds made up about it already. That's why I won't go rhetoric.

edit: I guess, I did though.

I can't help to reply to the adwords question - although you can argue that advertising/marketing is soulless, at least it creates real world value. Someone makes a product, someone else buys it. Exchange of goods happens.

Derivatives are uncontrallable in the my humble opinion. Especially if regulated by uber greedy people. And it makes me sad sad when I see the highest skilled people go and put their talent in something that is pretty much useless, apart from making a few, selected people even richer than they are. But I guess, whatever pays the bills.

But that's not why I made my comment. I made my comment, because what I find even more sad, is people going numb to injustice and admiring this situation and the people who are making it possible.

Re:Barbarians at the Gateways: High-frequency Trading and Ex... by jbooth on Thursday October 17, 2013 @12:18PM (#6566335)
He wasn't admiring the economic situation, he was admiring some truly amazing high-end computer networking.

If HFT produces nothing else (and I generally agree with your economic view of it), at least it'll have financed the next generation of low-latency networking gear.

Re:Barbarians at the Gateways: High-frequency Trading and Ex... by fractalsea on Thursday October 17, 2013 @06:31PM (#6568611)
So no one would buy anything if there was no advertising?

Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...

Re:Barbarians at the Gateways: High-frequency Trading and Ex... by mmodahl on Thursday October 17, 2013 @12:14PM (#6566312)
Car insurance is a derivative.