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518 points bwfan123 | 2 comments | | HN request time: 0.457s | source
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balderdash ◴[] No.44483756[source]
Having formerly worked for an NYSE Specialist firm the role of market making is incredibly important, but many large-scale HFTs today operate in ways that either stretch the legal boundaries or exploit regulatory gaps. Many practices arguably amount to market manipulation in spirit, even if technically legal. Candidly, the regulators are either too lazy, stupid, ill equipped or uninterested to do anything about it.
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zeroCalories ◴[] No.44483821[source]
Does it really matter? I've done nothing but buy and hold at reasonable prices, and market manipulation has never affected my trades. This seems like finance bros fucking finance bros, which is solidly in the "who cares" category of my life.
replies(3): >>44483856 #>>44484423 #>>44485348 #
ycombinatrix ◴[] No.44483856[source]
Our 401k & pensions are managed by "finance bros"
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zeroCalories ◴[] No.44484825[source]
My 401k is a well diversified portfolio of stocks and bonds, not a HFT or options trading playground.
replies(1): >>44485297 #
1. triceratops ◴[] No.44485297[source]
> portfolio of stocks and bonds

> not a HFT or options trading playground

Do HFTs not trade stocks and bonds? Or options on them?

replies(1): >>44492086 #
2. zeroCalories ◴[] No.44492086[source]
My portfolio isn't managed by a fiance bro, so I don't care if Jane Street is sending them to the food bank.