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by jim_greco
4067 days ago
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There is a whole class of point and click trader out there that brings up the Bloomberg NEWS function (scrolling news), waits for the red flash (breaking important news), and steamrolls over unaware market makers. Most of those market makers are electronic. It's been happening forever and of course it's now going to get automated. And the electronic market makers will use the same techniques to cancel orders so they don't get run over. The only people worse for wear will be the human market makers and the human point and click traders who can no longer compete. |
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