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HFT may be the most obvious advantage of technology disrupting traditional oligarchical structures the world has ever seen. A market that was previously domina
by kasey_junk 3y ago
HFT may be the most obvious advantage of technology disrupting traditional oligarchical structures the world has ever seen.
A market that was previously dominated by good old boy networks of football players was made massively more efficient and the cost of entry driven to the floor purely based on nerds with math.
To the benefit of effectively every market participant besides said football players.
I find it interesting that an industry that has spent the last 30 years dedicating their best and brightest to panopticon building ad driven navel gazing can continue to act high and mighty about real innovation.
- letitgo12345 3y agoOtoh, that ad driven navel gazing ultimately delivered Generative AI which is likely going to lead to superhuman AI. What equivalent value did HFT deliver?