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If HFT adds no value, rigs the game, adds cost to everyday investors and traders looking to make an honest fair buck from the markets, will it be allowed in the
by notastartup 13y ago
If HFT adds no value, rigs the game, adds cost to everyday investors and traders looking to make an honest fair buck from the markets, will it be allowed in the future?
I almost feel like SEC will come down on them hard.
Basically, I'm bummed at the idea that as individuals, we can't innovate in this field without ponying up several million dollars in startup cost.
- lrm242 13y agoIt doesn't cost several million dollars. It does require some capital, likely less than your average valley angel deal. It is not easy and you'll probably fail, but you can certainly try. Phone up Nasdaq, they'll happily give you all you need to know along with pricing information on their website.
- jerryhuang100 13y agoSEC might even be part of the ecosystem. According to the book: 1) When the Canadian guy in the book, Brad Katsuyama, went to the SEC for their concern the SEC staffers just shrugged; 2) Since 2007 more than 200 SEC staffers left to work for HFT firms. (Source: Michael Lewis, Flash Boys)