Comment by x0054

Every time I read stories about high speed trading, I have to wonder what is actually the point of high speed trading to the society. The point of a free and fast stock market is to provide monetary liquidity and stabilize the economy by shortening the feedback loop. But something tells me that our society and economy derives zero benefit from nanosecond resolution trading vs. trading with say 1 minute resolution. Meanwhile, the market is exposed to wild swings which might be smoothed over or even prevented if markets worked a little slower.