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Thread: Robo-trader

  1. #1

    Default Robo-trader

    We should clone the robo-trader rather than revile him
    By Sebastian Mallaby
    Published: September 21 2010 21:17 | Last updated: September 21 2010 21:17

    Financial markets are like time machines. The buyer of an equity turns today’s lump sum into tomorrow’s stream of dividends; the seller turns future income into cash to be spent now. Yet even as financial markets ease time’s tyranny, critics rail that they are rigidly short-termist. The latest target of this misconceived abuse is high-frequency trading.

    Until recently, few paid attention to this abstruse corner of finance. But in January the Securities and Exchange Commission announced it would be studying high-frequency traders and, in the wake of May’s “flash crash”, politicians and regulators pointed the finger at the high-frequency crowd. The crash post-mortems have yet to show a link to rapid traders, but the critics are not bashful. After all, shadowy computer geeks have built systems whose split-second trades account for more than half the turnover on US equity markets. Here, surely, is a devil’s cocktail of cut-throat finance and black-box technology – an unholy fusion of Gordon Gekko and 2001: A Space Odyssey.
    More: http://www.ft.com/cms/s/0/a6342210-c...44feab49a.html
    Last edited by Joe Blow; 23rd-September-2010 at 10:33 AM. Reason: Edited for copyright and link added

  2. #2

    Default Re: robo-trader

    This is what i believe condog has been talking about in AUT of late..

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