After reading the article it's still hard to comprehend how the robots are determining the trades. Is it just set up so the trades keep continuing and they make a penny per half-second trade so they can make around 150k a year?
That video is insane! Just goes to show how face pace the job of a trader can be. What does "real time" mean if humans are using technology to speed up trades and productivity? I guess if you are trading pennies, you have to be fast. Of course, time is money. Personally, I think finance needs to slow down!
Something that concerns me about the trading through technology is the opportunity for error and the possibility that the "robots" do not have the capacity to reason effectively when it comes to trade determination. I feel that if technology is sped up and humans aren't really involving themselves in the process of sensitive matters like this, there can be serious implications in the future. It was an interesting video.
After reading the article it's still hard to comprehend how the robots are determining the trades. Is it just set up so the trades keep continuing and they make a penny per half-second trade so they can make around 150k a year?
ReplyDeleteI agree with jared. That's pretty crazy
ReplyDeleteCrazy, kinda puts time in perspective though =/
ReplyDeleteThat video is insane! Just goes to show how face pace the job of a trader can be. What does "real time" mean if humans are using technology to speed up trades and productivity?
ReplyDeleteI guess if you are trading pennies, you have to be fast. Of course, time is money.
Personally, I think finance needs to slow down!
Something that concerns me about the trading through technology is the opportunity for error and the possibility that the "robots" do not have the capacity to reason effectively when it comes to trade determination. I feel that if technology is sped up and humans aren't really involving themselves in the process of sensitive matters like this, there can be serious implications in the future. It was an interesting video.
ReplyDelete