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We use technology to improve efficiencies in every industry in the world, but when we use technology in the capital markets people freak out. I don't get it.
by minimax 13y ago
We use technology to improve efficiencies in every industry in the world, but when we use technology in the capital markets people freak out. I don't get it.
- Nursie 13y agoHuge volumes of money, a perception of it being gambling and playing with numbers rather than productive work, the possibility of screwing over basically the whole of society when it goes wrong, privileged positions for the entrenched traders (people that outsmart the algo-traders get arrested, massive costs to get the millisecond co-lo advantage on HFT etc), total divorce of algo/HFT from the idea of actual investment in companies based on what they do... There are some reasons that people are suspicious of the entire world of finance. HFT and algorithmic trading really exemplify all of the issues some people have with the money markets in the first place.