(Bloomberg) A useful way to think about modern electronic market structure is that in the olden days humans traded stocks and options, making markets based on gut instinct, and then those humans were replaced by computers that used algorithms that largely replicated the humans’ gut instincts but more efficiently. But also, in the olden days, those humans did various shady things, and over time the computers have started to replicate the humans’ shady-thing-doing abilities, because, you know, the shady-thing-doing tradition runs deep.
Machines Will Do Shady Things in the Markets Too
This entry was posted in Syndicated. Bookmark the permalink.
