The EE/IC Design part of me loves this for trying to build a community around what is typically a very opaque and secretive industry. The social justice / millenial part of me hates this for being funded by high frequency trading, of all things. What a colossal waste of resources.
bluecalm 47 minutes ago [-]
>>The social justice / millenial part of me hates this for being funded by high frequency trading, of all things. What a colossal waste of resources.
It's more efficient now than it used to be - by which I mean the total taken by HFTs is lower than what people used to pay in spreads and commisions. Price discovery is better (you get closer to a fair price if you trade) and spreads are lower. The whole industry that used to prey on spreads and ignorance of retail investors is gone. What not to like about HFT?
mitxela 13 minutes ago [-]
The upwards money funnel?
selestify 58 seconds ago [-]
How is this any more of an upwards money funnel than the prohibitively expensive spreads and commissions that hindered lay access to the markets?
TacticalCoder 49 minutes ago [-]
Western societies in which HFT happens also happen to have the best medicine, leisure (many different sports for example), education etc.
You think you could do better by having a planned economy, with your eminence deciding what's a waste and what is not? And why should I believe you it'd end up differently than North Korea or Cuba?
Or you'd somehow manage to take what you think are all the good parts of western societies while outlawing what's wasteful and we'd have an utopia?
mitxela 12 minutes ago [-]
> You think you could do better by having a planned economy
"Oh you think you could do better in the middle of Chernobyl reactor 4 transported to the surface of the moon?"
nobody said that, why bring it up?
btw the USA is, and always has been, a planned economy.
salvesefu 45 minutes ago [-]
this reply isn't in good faith. OP is being self critical examining contradictions of living in complex interdependent societies. why are your queries so aggressively factional?
genxy 30 minutes ago [-]
There is a very vocal minority of folks that when they come across a comment that at all looks like an opponent of ancap [1], they become unhinged, even in this case where the GP was being internally reflective about their own beliefs.
The irony has most likely circled their drain (which just goes into a creek anyways).
Which is especially ironic when they bring up an example like Cuba, where at least today, you can’t really say whether the policies or de facto sanctioning it receives are at fault for the current economic state.
kccqzy 36 minutes ago [-]
I don’t think Jane Street does high frequency trading. I think you might be thinking of Citadel or HRT. Jane Street is more of an old-school quant hedge fund, no?
wyre 29 minutes ago [-]
The page says their hardware team builds the fastest trading systems on the planet. Jane Street does HFT.
amelius 20 minutes ago [-]
Were AI models able to find the solution and easter eggs?
Rendered at 20:32:08 GMT+0000 (Coordinated Universal Time) with Vercel.
It's more efficient now than it used to be - by which I mean the total taken by HFTs is lower than what people used to pay in spreads and commisions. Price discovery is better (you get closer to a fair price if you trade) and spreads are lower. The whole industry that used to prey on spreads and ignorance of retail investors is gone. What not to like about HFT?
You think you could do better by having a planned economy, with your eminence deciding what's a waste and what is not? And why should I believe you it'd end up differently than North Korea or Cuba?
Or you'd somehow manage to take what you think are all the good parts of western societies while outlawing what's wasteful and we'd have an utopia?
"Oh you think you could do better in the middle of Chernobyl reactor 4 transported to the surface of the moon?"
nobody said that, why bring it up?
btw the USA is, and always has been, a planned economy.
The irony has most likely circled their drain (which just goes into a creek anyways).
[1] https://en.wikipedia.org/wiki/Anarcho-capitalism