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The bots are much more efficient and replacing highly paid traders though. eg https://www.technologyreview.com/s/603431/as-goldman-embraces-automation-even-the-
by rb808 8y ago
The bots are much more efficient and replacing highly paid traders though. eg https://www.technologyreview.com/s/603431/as-goldman-embraces-automation-even-the-masters-of-the-universe-are-threatened/ https://www.technologyreview.com/s/603431/as-goldman-embrace...
- sincerely 8y agoI guess I don't see what that response has to do with the comment you're responding to
- joshu 8y agoYou know what would be more efficient than that? Regular crosses instead of continuous trading.
- throwawaymath 8y agoIn what ways would that proposal be more efficient than continuous trading?
- joshu 8y agoIt requires a great deal less work. No realtime, etc. And the interest on both sides is aggregated for the entire period, leading to fairer prices with less volatility.