Let me summarize to see if I understand the HFT-haters on this issue.
Two experts in finance weigh in. One triple majored in math, management and chemical engineering at MIT before going on to earn his masters in chemical engineering at the same school. The other earned his PhD at Chicago in quant finance working with Nobel Laureate Eugene Fama. Both of them believe that HFT is not only fair, but that it improves the markets.
Haters respond by hating.
Clearly, the two high level fund managers who wrote the WSJ article have never traded at a high level before...
Diverting attention to other changes on Wall Street.
There are real crimes occurring on Wall Street. HFT is not one of them.
There are even more crimes occurring on K Street and in Congress.
Next time you get hated on for picking up some bitch, remember how you hated on HF traders for making honest money.
Two experts in finance weigh in. One triple majored in math, management and chemical engineering at MIT before going on to earn his masters in chemical engineering at the same school. The other earned his PhD at Chicago in quant finance working with Nobel Laureate Eugene Fama. Both of them believe that HFT is not only fair, but that it improves the markets.
Haters respond by hating.
Quote:Quote:
Anybody defending HFT doesn't know what they are talking about and have clearly never traded at a high level before...
Clearly, the two high level fund managers who wrote the WSJ article have never traded at a high level before...
Quote:Quote:
The average volume of trades during the boom years was 250K; today you're lucky if you can push 150K.
Diverting attention to other changes on Wall Street.
There are real crimes occurring on Wall Street. HFT is not one of them.
There are even more crimes occurring on K Street and in Congress.
Next time you get hated on for picking up some bitch, remember how you hated on HF traders for making honest money.
I've got the dick so I make the rules.
-Project Pat