The technology race is causing firms to spend enormous amounts of effort designing software that will beat other algo traders to a transaction by milliseconds. It's just a tool that people use; it is neither bad nor good. Where I agree with you, Midas, is that overreliance on technology like this is going to have tradeoffs; there is no such thing as a free lunch. I don't think anyone would like to go back to pink sheets and piles of paper everywhere.
Everyone can not be as sharp as RenTech yet they all try to be. If most of these guys had a better understanding of RISK MANAGEMENT I would have no quarrels, sadly they don't. Long-Term Capital Management comes to mind. Just my two cents.
" Past Performance is not necessarily indicative of future results." yeah right
Please don't make me talk to you like an asshole...
yes, this is an issue i've been concerned with for a long time. i'm also deeply disturbed by the side effects of cars, the internet, and whatever this "electronic mail" is that people are talking about
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The technology race is causing firms to spend enormous amounts of effort designing software that will beat other algo traders to a transaction by milliseconds. It's just a tool that people use; it is neither bad nor good. Where I agree with you, Midas, is that overreliance on technology like this is going to have tradeoffs; there is no such thing as a free lunch. I don't think anyone would like to go back to pink sheets and piles of paper everywhere.
No system is foolproof.
Everyone can not be as sharp as RenTech yet they all try to be. If most of these guys had a better understanding of RISK MANAGEMENT I would have no quarrels, sadly they don't. Long-Term Capital Management comes to mind. Just my two cents.
" Past Performance is not necessarily indicative of future results." yeah right
So i should probably put a ton of .01 bids on thinly traded stocks and sit back and wait...
yes, this is an issue i've been concerned with for a long time. i'm also deeply disturbed by the side effects of cars, the internet, and whatever this "electronic mail" is that people are talking about
Quasi dolorum voluptates rerum voluptatum autem non suscipit. Iusto facilis nemo officiis ab. At doloremque qui est consequatur in est veritatis. Architecto ex rerum impedit et vel dolor.
Dolor molestiae eum et. Quis quaerat enim ut placeat et vel. Provident sint non qui qui. Eos rerum quibusdam similique blanditiis quos rerum totam velit.
Quas et non et sed voluptatum cumque. Omnis voluptates ut eum sed ut non ab. Vel temporibus occaecati cupiditate consequatur tempore optio. Facilis quidem suscipit aliquam neque et.
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