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If the goal is to avoid high-frequency trading, why not use a blockchain-like technology?
by grondilu 10y ago
If the goal is to avoid high-frequency trading, why not use a blockchain-like technology?
- mooneater 10y agoNot the simplest way to solve the problem. May have many other effects.
- deleted 10y ago[deleted]
- Lazare 10y agoWhen writing a comment about the blockchain, it's always useful to mentally replace it with the words "distributed database", and see if still makes sense. "If the goal is to avoid high-frequency trading, why not use a distributed database"? Maybe because that would have absolutely zero impact whatsoever on high-frequency trading? (Also, the goal isn't really to avoid high-frequency trading, and it's quite likely IEX will create more opportunities for high-frequency trading, not fewer, but that's another matter.)
- cloudjacker 10y agoWhat specific aspect of blockchain technology? It's slowness? The transparency of the consolidated order book? I place orders on Counterparty a lot, which offers a decentralized asset exchange that settles to the bitcoin blockchain. It would be nice settle stock trades on something like that, slow, too slow, but it would be a nice option.