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Last time I checked, twitter programmers don't have a record of destroying economies nor deep capturing regulators.
by xradionut 13y ago
Last time I checked, twitter programmers don't have a record of destroying economies nor deep capturing regulators.
- kasey_junk 13y agoWhat economy did low latency trading destroy? Also, is there any more deep capturing of regulators in the finance space post low latency trading than there was pre?
- deleted 13y ago[deleted]
- auntienomen 13y agoThis is an ignorant statement. The cause of the economic crash in 2008 was leveraged bets on lots of bad debt. These bets were made by fratboys in suits, shaking hands and making phone calls and sending emails. The financial instruments they used to do this were bespoke one-off deals, not securities traded on public exchanges. High frequency trading had nothing to do with any of this. HFT deals in fungible instruments traded in public markets.