4 ms·
Things that improve HFT sadden me because I don't really see the net benefit to mankind. I see someone else's share of the pie getting smaller, someone's gets b
by JimTheMan 6y ago
Things that improve HFT sadden me because I don't really see the net benefit to mankind. I see someone else's share of the pie getting smaller, someone's gets bigger and the rest of us remain starving.
- rocqua 6y agoThere are marginal benefits outside of HFT. Mostly, the spread in markets (difference between sell price and buy price) shrinks because of HFT. Hence people who want to make financial transactions have less friction. In order to interpret this as a global positive, you need to see a more efficient financial system as better. The story there is usually that a more efficient allocation of capital allows for the most growth, pulling more of the world out of poverty. (I fully think HFT is good for financial world, less certain on the financial world being better for the wider world)
- cbzoiav 6y agoIf one firm develops this their competitors look to do it. You end up with huge investment in the science behind it with everyone trying to do it with higher throughput, lower latency and lower build / run costs than their competitors. Maybe two decades in the future this becomes a defacto communication technology.
- JimTheMan 6y agoI like your optimism