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  • Market Sniper: 
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  • We Just Trade
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  • The Market Sniper
  Instead of creating something such as customer/client service (lord forbid!), we got paper shufflers now in microseconds! This is all part of the basic problem. When it is more profitable to game the system than produce anything, this is what happens. Leads inevitably to systemic failure and collapse. Keep it up, boys. Your cooking your own pigs. Meanwhile, everybody seems to think that a few "fixes" a few more regulations, etc. will solve the basic problem. It will not.

  Jul 29 09:53 PM | Link | Reply
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  • Missing_Link: 
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  Wonder how much Goldman Sachs paid Zubin Jelveh to write that.

  Jul 29 10:47 PM | Link | Reply
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  • just.a.guy: 
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  "It seems to me that it's now up to institutional investors to be as inventive as the sell-side algos and figure out a way not to get gamed."
  
  This is akin to saying it is now up to cheated marks in a rigged poker game to be as inventive as the crooked host who marked the playing cards and figure out a way not to get gamed (while continuing to play with the same marked deck).

  Jul 29 11:13 PM | Link | Reply
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  • Will Ray, Jr.: 
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  • WebIMC
  LOL...I 'm back.... oh my god they actually thing algo trading is gaming someone. Please! The by side will have the edge over the next ten years.... lol Goldman Sachs

  Jul 30 01:01 AM | Link | Reply
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  • DaveW: 
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  comes back to that inconvenient metaphor for insanity: 'doing the same thing over and over again and expecting different results.'
  -A. E.
  
  
  On Jul 29 09:53 PM Market Sniper wrote:
  
  > Instead of creating something such as customer/client service (lord
  > forbid!), we got paper shufflers now in microseconds! This is all
  > part of the basic problem. When it is more profitable to game the
  > system than produce anything, this is what happens. Leads inevitably
  > to systemic failure and collapse. Keep it up, boys. Your cooking
  > your own pigs. Meanwhile, everybody seems to think that a few "fixes"
  > a few more regulations, etc. will solve the basic problem. It will
  > not.

  Jul 30 09:01 PM | Link | Reply