Comment Comment by joejohnson Last week, Bloomberg published this op-ed defending HFT: http://www.bloomberg.com/news/2012-04-10/high-speed-trading-...The piece is largely propaganda. A nice rebuttal is found here: http://www.ritholtz.com/blog/2012/04/hft-pirates-and-their-a...Can anyone explain why multiple exchanges exist (besides for historical or political reasons)? It seems anti-competitive that exchanges can be private at all, let alone that exchanges can be allowed to operate as monopolies in a market or country. parent joejohnson 14 years ago
The piece is largely propaganda. A nice rebuttal is found here: http://www.ritholtz.com/blog/2012/04/hft-pirates-and-their-a...
Can anyone explain why multiple exchanges exist (besides for historical or political reasons)? It seems anti-competitive that exchanges can be private at all, let alone that exchanges can be allowed to operate as monopolies in a market or country.