The *NEW* Frank Coluccio Technology Forum Message Board

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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: aladin who wrote (34729)	8/1/2010 5:09:42 PM
From: Bob Frankston	1 Recommendation Read Replies (2) of 46821

There is a something fundamentally wrong when markets are about who can act fastest. It's a mockery of the whole idea of markets being about making wise decisions. Today's market are legalized theft. Like the scam in which a banker would keep all the penny round-offs instead of distributing them. The idea that networks are about guaranteed nanosecond speeds is collateral damage that does real harm by distorting networks to the needs of the very very few at the price of empowering network owners to act as gatekeepers. What if trades were grouped to the nearest minute? Yes, I know that seems like forever because 30 year mortgage rates vary by the microsecond and we need that precision when we throw dice. [do I need to say I'm being sarcastic]?

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