This sounds like a band-aid solution to a bigger problem. Millisecond trading is exploiting the system; it just sucks profit out of tiny variations in the market. Why is it allowed?
Because without them, the market would be even more volatile? (the trades being a bet that the market will revert to some short-term mean)
or
Because free individuals should be able to act in any way that does not involve fraud or force?
Slashdot Mirror
This sounds like a band-aid solution to a bigger problem. Millisecond trading is exploiting the system; it just sucks profit out of tiny variations in the market. Why is it allowed?
Because without them, the market would be even more volatile? (the trades being a bet that the market will revert to some short-term mean) or Because free individuals should be able to act in any way that does not involve fraud or force?
"My constitutional rights are very expensive." My constitutional rights are not for sale.