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makemydaze

02/19/16 4:44 PM

#54380 RE: 123tom #54372

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/