Today I Learned (TIL)

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TIL that in 2010 the stock market experienced a flash crash, caused by automatic trading. Over a trillion dollars were lost and mostly regained, all in 36 minutes. Exact causes remain disputed. (en.wikipedia.org)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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[–] [email protected] 42 points 1 year ago (4 children)

Is there any reason not to regulate HFT out of existence ?

I understand that the stock market can be beneficial but High Frequency Trading?

It's just a parasite to the economy, sucking money without any benefit.

[–] [email protected] 44 points 1 year ago (1 children)

Remember: Wealthy people exploiting the system are resourceful. Poor people exploiting the system are criminals.

[–] [email protected] -3 points 1 year ago

Because wealthy people can afford lawyers and accountants to figure out how to exploit the system without breaking laws (or at least minimize the chance of going to trial, and failing that, minimize the sentence/fines.)

Its the system that's broken, see? That's who's killing people now and future, not me and Elon and Jeff (AND Tim ytf does he always get a pass???) Its like, don't hate the playa, hate the game, bro! And besides, who voted for the schmucks who set all this up anyway? I didn't, I don't even vote lol. No, it's all of you! So really, it's your fault. You're welcome!

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