Aug

4

White shoe firmIt is reassuring that the secret high frequency algorithms have been secured and are back in safekeeping. As the government prosecutor said, in the wrong hands these algorithms could be used for evil purposes like "market manipulation." I will feel much better when they are back in the hands of the trading desk investment bankers who designed them so they can be utilized in their altruistic way.

Vin Humbert writes:

It is good to know that at all times one is playing against a robot that pays 1/100 of the commissions and gets paid for its orders, and gets to see your orders before putting on its trades, and is always two computers and a geographic distance of light ahead of you. As Willie Sutton said when the Dodgers lost, it makes you feel so bad you want to turn yourself in to headquarters.


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