Viewing profile — gaika

It is exactly what happened in France when they introduced a similar tax. All traders moved into CFD (contract for difference) instead of trading the underlying stock.

Those traders who didn't exit during the flash crash profited the most, what makes you think they will pull out the next time? On the flip side: those Market Makers that were force…

For example traders in equities can participate in "on close" auctions if they prefer to do so. No millisecond guessing, no bid/ask at all, pure double side auction. Yet only ~10% …

It is an ecosystem, of course traders with fast computers would try to fill all the niches they can. Take a look at a broader picture: http://www-rcf.usc.edu/~lharris/ACROBAT/Zeros…

HFT serves the same purpose that human Market Makers and Specialists do, only better. Kill it, and you will end up paying more. Did you complain when human travel agents were repla…

It wouldn't break current theory, it would just mean that photons travel slower than "speed of light" and have non-zero rest mass. Constant c in relativity instead of speed of phot…

> invariably lead to a discussion of utility functions and slowly bore everyone But that's the crux of the matter - both sides of the trade are getting some utility gain (otherwise…

Don't ask who is losing on the other side of your trades but think instead who is your customer. What is the service that you provide and how it helps them. If you're making a prof…