Re:High-Speed Trading Isn't About Efficiency—It's About Chea...
by yummyfajitas on Sunday February 09, 2014 @08:22AM
(#7205443)
I missed the part of the article that claimed all speculation is bad.
I did not, however, miss the part of the article that explained why charging for early access to information is socially useful (it pays for the information to be gathered). But I guess if a human uses that info it's ok, while if a machine uses that info it's evil. Or something.
Re:High-Speed Trading Isn't About Efficiency—It's About Chea...
by wcummings on Sunday February 09, 2014 @11:48AM
(#7206031)
How is market makers aggressively competing for positions bad?
Re:High-Speed Trading Isn't About Efficiency—It's About Chea...
by pron on Sunday February 09, 2014 @03:30PM
(#7207068)
It's not "let's take over the world" bad, it's just a lot of effort expended on something that's of little value. Working a lot towards something that isn't any good could be thought of as a kind of bad.
Re:High-Speed Trading Isn't About Efficiency—It's About Chea...
by kasey_junk on Sunday February 09, 2014 @03:58PM
(#7207198)
Yes but what are the unintended side effects & are they worse than what you are curing? Removing the pits in exchange for electronic trading is a huge win. It's unclear how to keep that win & skincare hft.
Why can't the two be bad in their own way? It's like the mob switching from extortion to burglary, and saying, what, you didn't want us threatening people so we're not – now we're just stealing; what more do you want from us? I guess it's damned if we do, damned if we don't...