The EE/IC Design part of me loves this for trying to build a community around what is typically a very opaque and secretive industry. The social justice / millenial part of me hates this for being funded by high frequency trading, of all things. What a colossal waste of resources.
>>The social justice / millenial part of me hates this for being funded by high frequency trading, of all things. What a colossal waste of resources.
It's more efficient now than it used to be. Price discovery is better (is you get a fair price if you trade) and spreads are lower. The whole industry that used to prey on spreads and ignorance of retail investors is gone. What not to like about HFT?
Western societies in which HFT happens also happen to have the best medicine, leisure (many different sports for example), education etc.
You think you could do better by having a planned economy, with your eminence deciding what's a waste and what is not? And why should I believe you it'd end up differently than North Korea or Cuba?
Or you'd somehow manage to take what you think are all the good parts of western societies while outlawing what's wasteful and we'd have an utopia?
It's more efficient now than it used to be. Price discovery is better (is you get a fair price if you trade) and spreads are lower. The whole industry that used to prey on spreads and ignorance of retail investors is gone. What not to like about HFT?
You think you could do better by having a planned economy, with your eminence deciding what's a waste and what is not? And why should I believe you it'd end up differently than North Korea or Cuba?
Or you'd somehow manage to take what you think are all the good parts of western societies while outlawing what's wasteful and we'd have an utopia?