On Saturday, November 7, 2009 at 08:12:49 (-0500) Marv Gandall writes: >>From a speech to the Senate by Delaware Senator Ted Kaufman, published in >yesterday's Huffington Post: > >(High frequency or flash trading refers to the growing practice of >investment houses like Goldman Sachs to locate and program servers next to >exchanges, giving them split second advance access to market information >which allows them to engage in automated front-running, executing orders on >their own account ahead of their customers and other traders.)
How does high frequency differ from computerized trading? There are plenty of unknown companies (such as the company RGM Partners, Ltd., here in Austin, TX) who specialize in "high frequency" computerized trading quite successfully and who are looking to engage every liquid market on the planet. The remarks cited do not really tell us how computerized trading can be dangerous, and what "improper trades" really are. It's clear that unfair access is a problem, but that doesn't say how computer trading per se is bad. Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
