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NYSE head: speed isn't always good
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Originally posted by SupremeSpod View PostSub 5us, and only a prototype...
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Originally posted by AtW View PostIf nobody put a sell order then you won't be buying.
A sell order gets 24 hour delay only after that point it can be bought.
Problem solved, even though it will put some dirty spekulants out of business.
It's a very heavy loss, but I think the society as a whole can take it.
So what you are proposing, to continue my ice cream analogy, is that if there are ice cream vans on the beach people should be allowed to buy from them, but the council should put limits on whether they are allowed to trade there.
I don't think I'd agree with that.Comment
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Originally posted by KentPhilip View PostI don't think I'd agree with that.
Tax system in US actually encourages long term share ownership with lower CGT on those (15% I think) and it was good here with Taper Relief until cretins Darling/Brown removed it. Then even bigger idiot Osborne puts CGT up to 28%.Comment
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I do think something needs to be done, simply because the quest for ultra low execution times and arbitrage over a period of nanoseconds biases the market in favour of the well to do. I would work around this not by imposing a delay but by imposing a jitter on the connections to the exchanges such that any gains to be had from jiggery pokering were statistically insignificant.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by doodab View PostI do think something needs to be done, simply because the quest for ultra low execution times and arbitrage over a period of nanoseconds biases the market in favour of the well to do. I would work around this not by imposing a delay but by imposing a jitter on the connections to the exchanges such that any gains to be had from jiggery pokering were statistically insignificant.
Its a complete casino tbh. My gold is doing much better than any shares I ever had, tax free too.Comment
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Originally posted by escapeUK View PostBut anyone who kept shares long term the last 10 years will have made pretty much nothing. MSFT, CSCO about the same, DELL less today. Banking horrible losses. Obviously there are some stars out there like Google and Apple.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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I dont know much about the ice cream market, and I dont know much about HST, but if people are making money BECAUSE of the speed, then I can see that being a big problem
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(>'.'<)
("")("") Born to Drink. Forced to WorkComment
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Originally posted by doodab View PostWhat has that got to do with eliminating market distortion due to HFT?Comment
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Originally posted by escapeUK View PostNothing, meant to quote ATW's reply re long term share ownership.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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