Quote:
Originally Posted by AndyC
The benefit is the liquidity.
I didn't realize that the stock markets were a zero sum game. Doesn't everybody try to extract wealth?
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There's a world of difference between typical investors and
high-powered computer programs that sell financial assets within milliseconds of buying them.
Michael Lewis’s “Flash Boys” was a fun read on this.
HFT's aren't the sharks of the market; they're really just the tape worms.
They're scammers with an unfair advantage.
Of course, they've got no shortage of money for high-priced lobbyists
to fight against the introduction of legislation that would take away their unfair advantage.
