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makemydaze

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makemydaze

Re: 123tom post# 54372

Friday, 02/19/2016 4:44:24 PM

Friday, February 19, 2016 4:44:24 PM

Post# of 458787
Man against machine - I always liked the story of John Henry but I'm not sure he'd win today.

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What Narang and other high frequency traders tell their computers to do is to make a profit of a penny or less, 40 million times day.

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This article is dated 2010 so they can probably process more/faster today.

http://www.cbsnews.com/news/how-speed-traders-are-changing-wall-street-07-10-2010/
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