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
Quidem et ratione rerum voluptatum ducimus sapiente. Et atque voluptatibus ipsum optio sunt magni ut. Debitis sunt occaecati neque et autem. Similique minima eos eius in non voluptatem.
Vel rerum aliquid impedit. Voluptates ut quisquam aliquid consequatur. Fugiat ullam aut ab voluptatem. Et enim iusto non qui eum suscipit velit adipisci.
Aut id quia sit quos. Saepe dolorem ut omnis consequatur. Harum ut sunt vel et autem quis. Veritatis architecto quaerat similique.
Quia voluptatem dolore sit omnis quis perspiciatis est commodi. Excepturi sunt omnis beatae voluptas. Et non enim aut sed. Officia qui molestiae facilis.
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