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""It's legalized front-running. I think it is basically evil and I don't think it should have ever been allowed to reach the size that it did," he said. "Why sh
by tucson 13y ago
""It's legalized front-running. I think it is basically evil and I don't think it should have ever been allowed to reach the size that it did," he said. "Why should all of us pay a little group of people to engage in legalized front-running of our orders?""
Charlie Munger, http://www.cnbc.com/id/100705820 http://www.cnbc.com/id/100705820
- smoorman1024 13y agoWhat's the difference between HFT and traditional Human Market Makers? May I suggest that Electronic trading and HFT have made it possible for a few people to do the work of thousands. This has brought down the cost of trading.
- anonymoushn 13y agoWhich HFT firms have access to the orders of other participants before the exchange does?
- AndrewBissell 13y agoCharlie's just upset that some of his bridge partners aren't scalping what they used to with their floor-based market making businesses.