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In summary, high speed trading significantly increases systemic risks in ways similar to a multi-car accident on a highway.
At any rate, that is what makes me skepitcal of the social utility of high speed trading.
And who can forget the sudden "flash crash" of the market caused by high speed trading algorithms in 2010.
(Hey Warren, how about that high speed trading that tore the stock market apart yesterday. Are you for that too?).
High speed trading and computerized trading don't add much to the economy, and they can do massive damage when things go awry.
Similar(55)
Read Domeyard: Inside a high-speed trading firm.
High-speed trading deserves attention, the council said.
| A swift reversal in fortunes for high-speed trading firms.
Now, Mr. Schwab appears in television advertisements for his firm's high-speed trading service, Velocity.
Canadian banks, unlike American banks, have mostly hesitated to build their own high-speed trading desks.
Regulators have made little progress in developing rules to monitor and control high-speed trading.
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