HFT through the years

vicirek said:
desert, sun and free money for all
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After I wrote it I understood, even the double entendre.

I don't care if the "pros" come or not. This would be an open exchange for all. If the prices get out of hand and fools don't know what they are doing, they won't survive long. If free and open markets are truly the way to go, then your money is as green as mine and as green as Goldman Sachs.

There is nothing inherently "pro" in an established exchange. Since there is no central exchange in currencies to begin with, this would be another (ECN) one in the already very sizeable number of currency "exchanges", with the distinction that it doesn't require you to be rich to make markets and the barrier to entry (colocation) is very reasonable because the data center is not in the hands of the "in club", i.e., Equinix etc. That is why it needs to be in the middle of nowhere and not in NY or Chicago: to keep prices down and barriers to entry reasonable.
 
nitro said:
After I wrote it I understood, even the double entendre.

If free and open markets are truly the way to go, then your money is as green as mine and as green as Goldman Sachs.

There is nothing inherently "pro" in an established exchange. Since there is no central exchange in currencies to begin with, this would be another (ECN) one in the already very sizeable number of currency "exchanges", with the distinction that it doesn't require you to be rich to make markets and the barrier to entry (colocation) is very reasonable because the data center is not in the hands of the "in club", i.e., Equinix etc. That is why it needs to be in the middle of nowhere and not in NY or Chicago: to keep prices down and barriers to entry reasonable.
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Your ideas are very good and I would like to see free markets operating better and based on equal and transparent access for all participants.

I just added few remarks in my previous post pointing out that very idealistic and "obvious" models might not work in practice as expected.
 
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