high-frequency-trading

Hamilton Nolan · 02/12/14 09:48AM

"This is a never-ending race," says the CEO of a high-speed trading firm that's built a network of lasers to trade stocks several nanoseconds faster. This is the single stupidest use of human ingenuity happening in the world today.

High Speed Traders Are Robbing Us All

Hamilton Nolan · 02/07/14 11:16AM

High frequency trading, in which superfast computer algorithims buy and sell stocks in fractions of a second, is little more than a tax on financial markets that goes directly into private pockets. There's more news today about how ridiculous the practice has become.

Kill High Frequency Trading

Hamilton Nolan · 06/13/13 12:24PM

There is currently a minor uproar over the revelation that various non-governmental groups sell early access— two seconds early—to their market-moving news releases to paying customers, who can then trade on that information before everyone else. This points to a larger problem: the entire institution of "high frequency trading" has no public benefit, and tons of risk.