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> people who have provably low income You want to give all your financial info to your brokerage? What increasing latency will do is widen the markets. We’ll
by tcbawo 2y ago
> people who have provably low income
You want to give all your financial info to your brokerage?
What increasing latency will do is widen the markets. We’ll go back to the days of multiple cents or dollars between the bid and offer prices of stocks.
It will definitely increase the time horizon to make an investment profitable. But maybe that’s a societal good for some people…
In the modern era, adding a speed bump might just mean that all the trading moves overseas, to derivatives, or mutual funds. Money finds a way of flowing downhill
- otterley 2y ago> You want to give all your financial info to your brokerage? You have little choice anyway. Once you give them your identification, which is required by KYC laws, it's a small matter of getting your financial information from the data brokers who possess it.