Thread: Black 3pm
View Single Post
Old 05-06-2010, 04:33 PM   #28
DaddyTorgo
Hall Of Famer
 
Join Date: Oct 2002
Location: Massachusetts
Quote:
Originally Posted by SportsDino View Post
The market would be just fine. The automated computer trading algorithm is basically a penny shaving method. You want to get something out of the arbitrage between information hitting in one location and the effect hitting in another. Its a zero sum game, every bit of money the computer extracts comes from inefficiencies in other traders, or pure volatility based luck. They do not contribute any real value to the world, other than making big banks somewhat richer.

Exactly my point. If we got rid of them there'd be no negative effect.
__________________
If I've ever helped you and you'd like to buy me a coffee, or just to say thanks, I have my Bitcoin and Ethereum addressed listed below :)
BTC: bc1qykhsfyn9vw4ntqfgr0svj4n9tjdgufryh2pxn5
ETH: 0x2AcdC5cd88EA537063553F5b240073bE067BaCa9
DaddyTorgo is offline   Reply With Quote