Quote:
Originally Posted by SportsDino
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.
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Exactly my point. If we got rid of them there'd be no negative effect.
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