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: Frank A. Coluccio who wrote (41703)	10/12/2012 7:32:53 PM
From: axial	Read Replies (1) of 46821

Moronic headline. Even at thousand-mile distances, HFT can move faster than any human. Of itself colocation isn't the problem with HFT. If it were it could be easily solved, and Euro regulators are working on the issue. The real problems occur in strategies on the ethical and legal edge (information asymmetry bought-and-paid-for, quote stuffing, etc). Beyond that are many others, identified here: bankofengland.co.uk WSJ pays lip service to questions of fairness and ethics. However based on evidence the financial sector only cares about morality after a killer profit has been made, bonuses collected, and a million-copy mea culpa published. These days the aim of the financial sector is to game the system for profit, and of its lobbying, to promote such gaming. The economic virtuous circle is a matter of lip service, only: a statement supported by evidence in trillions of dollars. The public interest and good economics? That can only be articulated by legislators and regulators because the financial sector will always define its practices as beneficial. The question is, whose interests are driving political and regulatory decisions? Technology has no morality. Jim

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