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I don't know, I didn't use past tense. I imagine that investment into technology is going to bring more benefit than pointless consumption. Also - what about ef
by TomMarius 7y ago
I don't know, I didn't use past tense. I imagine that investment into technology is going to bring more benefit than pointless consumption. Also - what about effective markets, that's not a benefit?
- habnds 7y agoright, you used present tense. You meant hft "could possible have" more benefit? HFT is much more the product of the current regulatory structure than a feature of efficient markets. Instead of reading Flash Boys, which is good but not really very academic, I'd recommend "The problem of HFT" by Haim Bodek. It explains how he set out to build a sohpisticated trading shop with modern technology and realized all of his competitiors were just gaming the market structure and being handed advantages by exchanges desparate for trading volume.
- TomMarius 7y agoHFT, being technology, has more benefit than pointless consumption, by definition - at the very least someone is creating something new and that is good for the economy. What are the actual benefits of this project in the market is unknown, especially because it does not exist yet.