Re:Flash Boys a Year Later
by harryh on Thursday March 12, 2015 @12:22PM
(#9191778)
Automated trading has reduced trading costs hugely. You're flat out wrong.
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Doesn't it also add liquidity to the market? With many trades happening when the price fluctuates by fractions of a cent, doesn't that hone the market to a more accurate value quicker? Not to ignore the downsides, but my understanding is that there are known upsides.