I don’t see how it’s a benefit to capitalism or companies or, well, anyone, really, to allow people to make thousands of trades a day for minute profits on each.

My gut feeling is that the stock market would not suffer, and less resources would be wasted, if trades and updates to stock prices were limited to, say, one batch per hour.

There are probably reasons the system is the way it is though.

  • @RoidingOldMan
    link
    English
    914 days ago

    Trades once per hour? But that would be fair for everyone, can’t have that. People pay thousands or millions to get stock prices 30 seconds faster, because there are fortunes to be made with 30 seconds of advantage.

    • @perviouslyiner
      link
      English
      17
      edit-2
      14 days ago

      30 seconds? Some exchanges have to measure the cables to prevent customers from getting a microsecond advantage!

      • @MutilationWave
        link
        English
        214 days ago

        A company ran a new fiber line under the goddamn Atlantic Ocean from London to New York so London traders could trade a fraction of a second faster.