Hacker News new | ask | show | jobs
by Spinnaker_ 1053 days ago
Markets were possible. But what about the current offering of ETFs and similar products? Despite all the fancy talk, many HFT firms are just market makers for the products that enable average joes to invest well and cheaply.

You don't have to be that old to remember how terrible the experience used to be, and how easily even sophisticated individuals were ripped off at every point of the process.

2 comments

> You don't have to be that old to remember how terrible the experience used to be

I guess I'm not old enough. What was the system like? How did sophisticated traders get ripped off?

Was that like Gomez Addams with the paper ticker coming out of that glass domed contraption, calling his guy to buy Consolidated Lint?