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Less efficient and more costly might be acceptable trade-off depending on "by how much?" Like you say market shouldn't be favoring one type of participant over
by borism 16y ago
Less efficient and more costly might be acceptable trade-off depending on "by how much?"
Like you say market shouldn't be favoring one type of participant over another. Seems to me like market favors HFT guys more than others these days.
- joe_the_user 16y ago... except he's saying the market should accommodate them... As far as I can see, HFT makes the market more costly, allocates capital less efficiently and doesn't do so for any "greater good" but the enrichment of a connected few who talk about a rather odd kind of efficiency ... sure, tapping your competitor's phone is another highly "efficient" way to make profits as well.
- borism 16y agocare to explain the difference between "shouldn't be favoring" and "should accommodate"?
- joe_the_user 16y ago"Should accommodate X" means that you should not make policy that is unfavorable to X. He's saying that the market should be open to all strategies. There's no statement in there saying that the market should stop favoring one or another strategy. This comes because others have have implied that the present system is favoring HFT and he's basically rebutting those claims using this argument.