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A lot of trading has been replaced by machines running High Frequency Trading (HFT) algorithms. There is no reason to believe the people commissioning these sys
by alpine 14y ago
A lot of trading has been replaced by machines running High Frequency Trading (HFT) algorithms. There is no reason to believe the people commissioning these systems are more ethical or less tempted to break the rules for personal gain than eg a trader who was fixing Libor.
- bicknergseng 14y agoThat's what I've been thinking. As far as I know, HFT is far more complicated than most accounting transactions, yet it seems like no one has moved to replace accounting or auditing. Why?
- deleted 14y ago[deleted]