• lolcatnip@reddthat.com
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    10 months ago

    High frequency trading is fully automated insider trading done in broad daylight, but nothing gets done about it because most people don’t understand what it is. It shouldn’t be taxed; it should be illegal.

    • IchNichtenLichten@lemmy.world
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      10 months ago

      It’s a long and convoluted route from that to their 401ks not bring as plump as they could be. Indirect robbery of thousands is more palatable than being mugged for a few dollars.

    • Asafum@feddit.nl
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      10 months ago

      I wish I remembered the name of it but there was a really interesting documentary/video about how crazy the rapid trading got, to the point that companies were trying to install systems as close as physically possible to the physical location of the NASDAQ so their requests would have less “travel” time and show up before anyone else.

      Absolute insanity…

      • Copernican@lemmy.world
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        10 months ago

        Yeah. Didn’t the feds have to regulate that so that it was an equal playing field for transaction latency?

    • Coasting0942@reddthat.com
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      10 months ago

      We’re not asking for 5 minute intervals. Just 1-2 second intervals would stop that automated stuff, or at least diminish it significantly. How about setting it to how long it takes light to go around the world twice +1 second?