Showing posts with label High-Frequency Trading. Show all posts
Showing posts with label High-Frequency Trading. Show all posts
Thursday, April 24, 2014
Tuesday, August 28, 2012
High-Frequency Trading Pioneer: Today’s Trading ‘Has Absolutely No Social Value’
High-Frequency Trading Pioneer: Today’s Trading ‘Has Absolutely No Social Value’: Thomas Peterffy, who pioneered the computer-based high-frequency trading that generates millions of dollars in profits for big banks, said in an interview with NPR’s Planet Money that speed trading has gotten so fast that it now “has absolutely no social value”: Peterffy says automation has done some very good things for the world. It’s made [...]/p
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