Or maybe read this from FX Trader Magazine which partially quoted a Fortune/CNN article:
"We want to see a big reaction in Washington" said Saluzzi (
so losey), "We need to get all these fast-trading jokers out of here." Are they suggesting we stop using Algorithmic trading systems, used by nearly every type of investment fund, including Mutual Funds, Hedge Funds, Banks and retail brokers?
Exchanges have moved to fully automated electronic trading, as have funds - not only for execution but for decision making. Anyone who suggests that automated traders should be banned represents a dying class of angry workers similar to the Luddites, a social movement in pre-Industrial Britain against the developement of automated looms.
"We want to see a big reaction in Washington" said Saluzzi (
so losey), "We need to get all these fast-trading jokers out of here." Are they suggesting we stop using Algorithmic trading systems, used by nearly every type of investment fund, including Mutual Funds, Hedge Funds, Banks and retail brokers?Exchanges have moved to fully automated electronic trading, as have funds - not only for execution but for decision making. Anyone who suggests that automated traders should be banned represents a dying class of angry workers similar to the Luddites, a social movement in pre-Industrial Britain against the developement of automated looms.
