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A comment on The invisible hand that pushed Apple up and down for six years. Parent comment

Re:The invisible hand that pushed Apple up and down for six ... by snowwrestler on Friday December 20, 2013 @10:06PM (#6945523)
The metric of measurement is wealth, which profits create.

Your proposed change would reduce the benefit because it would eliminate the profit (wealth) that HFT firms create.

Your proposed system is not hypothetical; it is how all trades used to happen. HFT did not arise from nothing. People developed it because it created new profit in addition to that generated by slower trading.

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Re:The invisible hand that pushed Apple up and down for six ... by judk on Saturday December 21, 2013 @11:57AM (#6947108)
Are you seriously claiming that profits create wealth but counterparty losses don't destroy wealth???
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Re:The invisible hand that pushed Apple up and down for six ... by snowwrestler on Saturday December 21, 2013 @07:58PM (#6948820)
Are you claiming that the stock market is zero sum?
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