tag:blogger.com,1999:blog-4411161795798360588.post7772177217774326462..comments2024-03-26T09:38:39.888+00:00Comments on Borthlas: Gamblers with systemsJohn Dixonhttp://www.blogger.com/profile/07447224248021209852noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4411161795798360588.post-23683025028002737002012-08-13T09:29:50.471+01:002012-08-13T09:29:50.471+01:00i believe the life of these trades is measured in ...i believe the life of these trades is measured in milliseconds. Siônnynhttps://www.blogger.com/profile/00021974709953206048noreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-11935069269683549362012-08-12T18:26:46.265+01:002012-08-12T18:26:46.265+01:00Mr Dixon,
I agree with the principle you are putti...Mr Dixon,<br />I agree with the principle you are putting forward, but this is not exactly a casino scenario – it’s worse.<br />Trades are posted on the market by companies without having the financial backing to follow through, try doing that in a casino!!!<br />There are laws in the US dating back to post 1929 crash that forbids this, but they have not been tested against the new computer technology as some of these trades only have a life of two seconds.Spirit of BMEnoreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-32048578688332960412012-08-12T17:38:50.689+01:002012-08-12T17:38:50.689+01:00A tiny transaction tax (robin hood tax) of one or ...A tiny transaction tax (robin hood tax) of one or two basis points (0.01% of value) would bring the markets back to sensible trading. Most European leaders are for it, but Cameron is set against it as it 'Will harm the City' - Well - GOOD!<br /><br />And I talk as a programmer and banker.Siônnynhttps://www.blogger.com/profile/00021974709953206048noreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-43704712483633968802012-08-10T22:55:53.585+01:002012-08-10T22:55:53.585+01:00Great post mate. The whole thing really is a casi...Great post mate. The whole thing really is a casino! One point to note is that the huge rise in this high frequency trading is utterly and totally distorting the markets on both Wall Street and in the City. Stocks rise and fall with no rhyme or reason. or at least none that have anything to do with the companies' underlying results and performance. I wonder why this whole high frequency trading thing does not get more play in the press.farmland investmentshttp://www.greenworldbvi.com/alternative-investments-options/agricultural-farmland/noreply@blogger.com