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When did the length of the period of speculation become the moral compass for whether someone should be allowed to put their capital at risk. I still think tha
by dawernik 14y ago
When did the length of the period of speculation become the moral compass for whether someone should be allowed to put their capital at risk.
I still think that everyone is missing a key point. There is huge value in programatic trading. The frequency of a crash with impact to retail investors (not traders willingly risking money speculatively) relative to the volume of spread tightening trading approaches zero.
- adambyrtek 14y agoIt was not my intention to claim whether high-frequency trading is "good" or "bad". To be honest I don't think I have enough information to judge that. I just replied to your specific arguments which I considered wrong. That said, I agree that rejecting algorithmic trading just because it's new, different, and scary doesn't seem like the best approach. Computers have disrupted most industries, and the financial industry is just one of them.