Trading equities has turned into a casino. With bots. | Hacker News

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		stuffthatmatter on July 24, 2009 \| parent \| context \| favorite \| on: Using computer algorithms, 400 firms accounted for... Trading equities has turned into a casino. With bots.

neilc on July 24, 2009 [–]

I thought that was pretty common knowledge. Is it a bad state of affairs?

stuffthatmatter on July 24, 2009 | [–]

I don't think it's common knowledge. New York Times just did a piece on how companies like goldman sachs profit from high frequency trading

http://www.nytimes.com/2009/07/24/business/24trading.html?_r...

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