4 ms·
Ok, fine, downgrade 24 hours to 1 hour. Nobody cares about those prices within 1 hour. We've had markets that operate within 1 hour for over a century. What
by jbooth 16y ago
Ok, fine, downgrade 24 hours to 1 hour. Nobody cares about those prices within 1 hour. We've had markets that operate within 1 hour for over a century.
What did all the "innovation" actually produce? I know Wall St is making more money but are they providing more value?
- yummyfajitas 16y agoHigh speed trading is only relevant to the competition between market makers and other short term speculators. It has no effect on long term speculators/hedgers/etc. If you want to trade right now, you will pay a few cents/share for the privilege (this is the spread). If my company was fastest, we sit at the top of the order queue, and we will receive those few cents/share. If GS was faster, they get the pennies. Either way, you trade right now. And if I decide to cut in line by offering a better price, you trade right now for less.