4 ms·
But we're not discussing on the scale of minutes, we're discussing sub-second intervals that aren't even perceptible to humans.
by ric2b 6y ago
But we're not discussing on the scale of minutes, we're discussing sub-second intervals that aren't even perceptible to humans.
- growse 6y agoThis whole argument seems to boil down to "I don't understand why anyone would want to trade more often than X, therefore nobody should". What's the difference between 5 minutes and any other arbitrary time period, other than hand-wavey notions about "perception"? I'm still not sure what problem removing my ability to cross the spread whenever I like is meant to be solving.
- pbhjpbhj 6y agoFlip it around, what economic problem does enabling you to trade more often than once per day (say) solve?
- aeternum 6y agoTrading more frequently reduces uncertainty (it's harder to predict 24 hours out vs. 1 minute out)and uncertainty equates to risk which means trading only once per day could increase the cost of capital.
- growse 6y agoYou're basically asking "What economic benefit does a free market bring?" at this point.
- ric2b 6y agoIt's easy to list the benefits of free markets, I don't think it's easy to do the same for sub-second regulated markets vs 1 second regulated markets.
- ric2b 6y ago> I'm still not sure what problem removing my ability to cross the spread whenever I like is meant to be solving. What problem does it solve? Why should we have so many expert programmers and mathematicians spending their time competing in a 0-sum game that could simply run a bit slower and produce the same societal value?