MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
The World Sugar Committee, which represents big traders, told the ICE Futures US exchange that high-frequency traders "enrich themselves at the expense of traditional market users".
But ICE is said to believe such traders are not the cause of price volatility.
Algorithmic, or high-frequency, traders use computers and advanced mathematics to buy and sell positions in the market, sometimes within seconds, taking advantage of small differences in price to make profits.
The New York-based exchange has said that algorithmic traders help to provide the market with liquidity.
Comments
Algorithmic traders are computers programs. They have no independent judgement.
Liquidity is money. The more money chasing or fleeing anything is going to raise and crash its prices, respectively.
Of course those traders are causing price volatility.
Who are the people at ICE? They are people who make money from transactions so increasing volatility is probably not something that overly concerns them.
And when did the BBC start emulating FoxNews' 'fair and balanced' reporting style?
by EmmaZahn on Sat, 02/12/2011 - 8:55pm