High Frequency Trading

[eric]

Yeah, have to agree with Saz here. HFT isn't really that big of a deal, more so it's interesting. The early computer analogy is spot on.

I recommend you to all read a book. I can't remember the entire title, but part of it was How algorithms came to rule our world.

It speaks about the early days of the NASDAQ and the first computer-based trading machine.

[eynon81]

I feel like this when I'm debating this issue:

[Saz]

Just about everything wall street does is very complex and difficult to understand. And there are definitely fraudsters hidden in the weeds. I can understand why people just look at bankers and think that one of them defrauded me, and I can't tell them apart, so f**k them all. What I don't really have tolerance for though is people who assume anyone who knows anything about the industry ought not to be trusted. It's damn near impossible to find anyone who could or would bother to learn the complexities and nuances of this stuff unless a bank or university or the market itself was paying them.

[eynon81]

[Stratego]

[eynon81]

thank you.

[Spider]

[eynon81]

[eric]

Seems a little dangerous to use "weren't foing shit for society" as a serious judgement criteria.