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Automated trading has reduced trading costs hugely. You're flat out wrong.
by harryh 12y ago
Automated trading has reduced trading costs hugely. You're flat out wrong.
- kbenson 12y agoDoesn't it also add liquidity to the market? With many trades happening when the price fluctuates by fractions of a cent, doesn't that hone the market to a more accurate value quicker? Not to ignore the downsides, but my understanding is that there are known upsides.