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High-Speed Firms Now Oversee Almost All Stocks At NYSE Floor (bloomberg.com)
An anonymous reader writes: Barclays, one of the biggest banking and financial services firms in the world, has sold its business on the floor of the New York Stock Exchange to Global Trading Systems. This is significant because it marks a transition between human-based trading and high-speed trading. Now, humans on the NYSE floor have more of a supervisory role, making sure the automated systems don't go haywire. Barclays has been around for hundreds of years; GTS was founded in 2006. "There used to be dozens of specialist firms, as designated market makers were once known, at the NYSE floor. But profits from trading U.S. stocks dwindled, making it difficult to serve as market makers without automation. Although GTS, Virtu, IMC and KCG employ human traders at the floor, their businesses are driven by some of the industry's most sophisticated computer systems."
Next up a systemd kernel plugin that runs as root for high speed trading.
Only the State obtains its revenue by coercion. - Murray Rothbard
No, you're basically a lying faggot making apologies for massive multinational corporations skirting taxes using any means necessary.
I think we need a new term here. I propose "the gaydwin effect", by which you have just gaydwinned the thread.
Socialism: a lie told by totalitarians and believed by fools.