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Is algorithmic trading a force for good in the world? If not, is it a good idea to increase the number of people using it?
by randomsearch 14y ago
Is algorithmic trading a force for good in the world? If not, is it a good idea to increase the number of people using it?
- jik 14y agoHFT isn't. We're not doing HFT. We're doing algorithmic investing. There's a big difference. (I work for Quantopian.)
- fawce 14y agoAlgorithmic trading is a force in the world; whether it is good or not depends on the people wielding it. I think the danger isn't the technology itself, but the small number of people who understand, develop, and control it. I believe having more quants will give algo trading/quant investing a better chance of being a force for good. (I work for Quantopian)