re: NY Attorney General Stirs Debate on HFT Perks
Interesting read! Thanks for sharing, Ivy.
Highlights that emphasize the school of fish benefits.. I understand the point he's making, but I still question the real-world benefits to real average investors. What tools do they need to accurately react to shifts made by HFTs?
by Austin Gerig, a physicist and quantitative finance expert at Oxford
University, suggests that high-frequency trading improves markets' price
discovery function. It does so by ensuring that the prices of assets
that ought to move in sync actually do so." ... "His point is that synchronization of prices aids decision-making for the average investor." ... " school of fish,
for example, pools resources by scanning its environment with many eyes
all at once, and synchronization enables all the fish to react quickly
to any threat."