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Showing that I don't understand economics while also telling that I don't understand economics: It would probably do the world more good to tweak the structures
by dusted 2y ago
Showing that I don't understand economics while also telling that I don't understand economics: It would probably do the world more good to tweak the structures making ULL trading profitable anyway, it's not like the trading in and of itself brings any value to the broader world, while consuming enormous amounts of resources that could have been spent on actually improving systems that create real value.
- cosmic_quanta 2y ago> it's not like the trading in and of itself brings any value to the broader world This is a common sentiment, but the reality is that increasing market participation is good for everyone. Yes, even retirement funds benefit from the presence of market-makers. Liquid markets allow for better price discovery and cheaper transaction costs.
- dusted 2y agoI specifically the high-speed trading. I definitely agree that actual investment and trading has some benefit. Nobody was helped by the 200 nanosecond thing that the machines did when the marked opened (except the owners of said machines, of course)
- johngladtj 2y agoPlenty you people were, you just don't notice it.
- andruby 2y agoWhat if collectively those ULL and HFT orders help stabilise the market. Then I would say, yes, "we, the world" are being helped.
- hackerlight 2y agoRiddle me this. If you got what you wanted, and these value destroying people went away, what would they be replaced with?
- dusted 2y agoI don't want them to go away, I want their talents put to use towards creating broader value.