Follow
Goldman Sachs, Wall Street, 60 Minutes, New York Stock Exchange, SEC Chairman, Securities And Exchange Commission, High-Frequency Trading, Mary Shapiro, Ted Kaufman, Business News share this story Get Business AlertsSign UpSubmit this storydiggredditstumble Computers are king, even on Wall Street.
Today, close to 70 percent of all the trades on Wall Street are conducted by high-frequency traders, or super-computers that can buy and sell stock faster than it takes for someone to blink, according to a segment airing on 60 Minutes on Sunday.
"Humans are not involved in the trading because humans are way too slow to trade on the kinds of opportunities that we're trying to capture," Tradeworx Chief Executive Manoj Narang says in the segment. "We're trying to capture opportunities that exist for only fractions of a second."
Defenders of high-frequency trading argue that the innovation helps the greater market by increasing both liquidity and volume, to the benefit not only the computer's operators but also long-term investors. Its detractors, on the other hand, say high-frequency trading acts as a form of insider trading that decreases confidence in the integrity of the system.
From the policy side, there are fears that high-frequency trading poses a threat to market stability. "What's the impact of that algorithm that has behaved in an unexpected way, on lots of other investors in the marketplace?" asks Securities and Exchange Commission chair Mary Shapiro.
The SEC's concern is well documented. After last month's flash crash, when the Dow Jones unexpectedly plummeted nearly 600 points and then rebounded within 15 minutes, the regulatory agency put much of the blame squarely on aggressive selling by a high-frequency trading computer.
Watch the 60 Minutes segment here:
Source : Click Here
By Creative Labs
Buy new: $39.99
Customer Rating:
First tagged "computers" by Snaith Goole
Customer tags: bluetooth stereo(3), wireless(2), creative labs(2), bluetooth speakers(2), bluetooth speaker, computer
Get New Article Alerts In Your Inbox
Subscribe to Computers Knowledge Article Alerts to get daily notifications of our newest articles in your email for free. You can unsubscribe at any time. share your opinion about Ordinateurs, non commerçants maintenant faire la grande majorité de Wall Street métiers (vidéo) - Huffington Post by comment on below post.
Thank you in advance.
Yours sincerely,
0 komentar:
Posting Komentar