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Really? And now, with HFT, they're no longer crooked? If I remember right, in the 2000s we've seen a ton of crooked market scandals (fraudulently rated securi
by Frondo 11y ago
Really? And now, with HFT, they're no longer crooked? If I remember right, in the 2000s we've seen a ton of crooked market scandals (fraudulently rated securities, LIBOR, etc etc). I don't see this relationship you're positing between HFTs and a non-corrupt trading market at all.
- tptacek 11y agoThat's an illogical response.
- Frondo 11y agoYou said: prior to HFTs the markets were corrupt, the entire market was a giant grift. You implied that, without HFT companies, we'd be right back there, though I see now that you didn't explicitly say exactly that.
- tptacek 11y agoFor your argument to make sense, all forms of corruption would need to have a single cause, and all interventions to reduce corruption would need to impact all forms of corruption. That's nonsensical and not a point I'm willing to engage further with. I think we've pushed this thread far enough to the right margin of the page.
- Frondo 11y agoI get that you're passionate about HFTs, but what's that old saying? Fool me once, shame on — shame on you. Fool me — you can't get fooled again.