Michael Lewis (ja, der von "The Big Short") neues Buch "Flash Boys" hat den Hochfrequenzhandel (High Frequency Trading oder kurz HFT) wieder in die Schlagzeilen gebracht. Ganz neu ist das Thema nicht. Mein kleiner Blog war vor Jahren mal der einzige Google-Treffer zum Suchbegriff "Hochfrequenztrading".
Zerohedge erinnert an die Rede von Börsenlegende Thomas Peterffy vor dem Weltverband der Börsen im Oktober 2010:
"It is not so much anymore that the public does not trust their
brokers. They do not trust the markets, the exchanges, or the
regulators either. And why should they, given our showing the past few
years? To the public the financial markets may increasingly seem like a
casino, except that the casino is more transparent and simpler to
understand."
"I must confess to you that I was an ardent proponent of
bringing technology to trading and brokerage. Unfortunately, I only saw
the good sides. I saw how electronic trading and record-keeping could
be used to force people to be more honest, to make the process more
efficient, to lower transaction costs and to bring liquidity to the
markets. I did not see the forces of fragmentation and the opportunity
for people to use technology to keep to the letter but avoid the spirit
of the rules -- creating the current crisis."
Posts
Keine Kommentare:
Kommentar veröffentlichen