fredag 24 juli 2009

High-frequency trading

Den dagliga volymen på NYSE har gått upp med 164% sedan 2005. Varför?

The New York Times har en bra artikel beskriver hur High-frequency trading ligger bakom detta. Artikel beskriver även hur stora vinster detta genererar.

Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense.

These systems are so fast they can outsmart or outrun other investors, humans and computers alike. And after growing in the shadows for years, they are generating lots of talk.

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