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They're sucking a few pennies out of every transaction on these exchanges, the long-term effect is that of a parasite in a larger host. Sure they may have some
by jobu 14y ago
They're sucking a few pennies out of every transaction on these exchanges, the long-term effect is that of a parasite in a larger host. Sure they may have some small benefit of improving liquidity to the market, but overall they're causing harm by reducing the returns of legitimate traders.
- zacharyvoase 14y agoDefine ‘legitimate’.
- theorique 14y ago"Trading at the right speed. Not unfairly fast." (TBD by your trusty government and regulators: what speed is fair and what is too fast.)
- zanny 14y agoI hear doing things faster relative to how it was done in prior times is sometimes called progress.
- tedunangst 14y agoI think we need the government to step in and slow down google. They return search results unfairly fast, it prevents underfunded companies from competing.
- dllthomas 14y agoIf they're adding a lot of liquidity, I'm happy with them reducing my returns a little. If they add a little liquidity, I'm not happy with them reducing my returns a lot. There are questions to be answered that we can't get at from an armchair (at least, the metaphorical armchair).