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60 Minutes Piece about frequency trading
- To: http://www.juno.com/~w1few (Richard), http://www.dracomp.com/~r (Richard)
- Subject: 60 Minutes Piece about frequency trading
- From: http://dummy.us.eu.org/robert (Robert)
- Date: Sun, 10 Oct 2010 19:27:17 -0700
- Cc: http://dummy.us.eu.org/noelleg (Noelle), http://dummy.us.eu.org/noelleg (Noelle)
My thoughts:
1) Frequency trading probably does disadvantage nonfrequency investors, but
2) it has always been this way, where the rich have ridiculous access and
advantages whereas the masses don't.
But, overall, I'm not sure it really matters when 85% of the wealth is
owned by 20% of the population. Basically, the probability of really
being affected by this are probably pretty small and one will probably end
up having to depend upon social security in any case.