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A comment on With 61 Seconds in a Minute, Markets Brace for Trouble. Parent comment
As did the system of pit traders that it replaced. The margins and accompanied spreads are lower now than previously.
> no doubt that the extraction of this normal profit has non-neglible deleterious effects on the economy
As with any market activity, it needs to be compared with the benefits it provides.
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As did the system of pit traders that it replaced. The margins and accompanied spreads are lower now than previously.
> no doubt that the extraction of this normal profit has non-neglible deleterious effects on the economy
As with any market activity, it needs to be compared with the benefits it provides.