3 ms·
No one wants four-trades-a-day settlement to save 0.00001% or whatever in trading fees.
by loeg 2mo ago
No one wants four-trades-a-day settlement to save 0.00001% or whatever in trading fees.
- amenhotep 2mo agoThat's true, we don't want it to do that, we want it to kill these parasitic entities. Much like one doesn't swat a mosquito because one will truly miss the amount of blood she's taking.
- ralph84 2mo agoNo one? Mutual funds have managed to attract $33 trillion trading once a day. The demand for millisecond-level trading is almost entirely from a very small group of firms profiting from it.
- loeg 2mo agoAnd they are steadily losing new investment dollars to ETFs, which trade interday. I don't think interday trading is why ETFs are more attractive to all or most investors, but a 0.000001% (or whatever) cost advantage just falls below the noise floor. It isn't worth any other tradeoff.