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High Frequency trading is unfair and very dangerous.
Europe should ban it
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6 comments
Det är inte klarlagt om det är totalt skadligt eller ej. Positivt är att likviditeten i marknaden ökar, men negativt är att visa aktörer har bättre tillgång till marknaden. Detta kan göra att marknaden drivs i en riktning, vilket är förbjudet, om det är fysiska personer, som gör det.
Conversation
I prefer the financial transaction tax to a prohibition
I like the idea of a transaction tax too, I introduced another idea about the "MicroTax". However, both are compatible. We can do both. why do I still think we should ban High Frequency Trading it's because when transactions are done at the micro or nano second or Pico second, It goes way too fast for a human person to understand and control it. In my opinion, trading should always stay within human understanding, otherwise we totally loose control and let robots and algorithm decide for us. That's why I think we should put limits to the speed of trading. And a transaction tax is also an idea I endorse
Conversation
Hi Bru, I'm all with you. I only don't like the idea of prohibiting something if better means are available.
Plus I question the validity of the liquidity argument. A transaction tax of point something percent will not inhibit liquidity. It only keeps high speed traders from lining their pockets.
I also don't like the idea of prohibiting something. But when we drive a car, there are also speed limits (in most countries) for the safety of us all. It's a bit the same, putting limits to the speed of trading, it's a safety measure for us all. There is a good documentary on ARTE about High Frequency Trading and the problems it causes.
To use another metaphore, for me, High Frequency Trading is just like a Formula 1 on a public road. It should be banned from public roads. However I totally understand that a Formula 1 pilot who enjoys high speed and high adrenaline, doesn't like the idea to drive at 50, 70 or 120km/h, that's too slow for him, it's boring. But he can drive on a separate track where high speed is allowed and risks are limited. my idea is to ban formula 1 (High Frequency Trading) from public roads. It doesn't mean we cannot create a separate track( market) for pilots to enjoy high speed/high testosterone competition, and keep the risk for most of us under control.
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