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The risk you mention can be worked around with loss limiting orders placed on the other side.



You make it sound so trivial and easy. Do you actually believe it's that simple?


My day job is making low-latency trading systems. =)


So is mine. I develop HFT trading algorithms using statistical analysis. Placing limit orders on the other side is as dangerous as anything else. Are you on the strategy side or pure development side? If you are developing strategies, then you know what you said in no way mitigates most of the risk that we talked about.


Pure development. So yeah, there's some handwaving there.

Let's say Galileo had had to climb a rickety ladder to the top of a tower at significant risk of falling and breaking his legs. Would that in any way have altered the social utility of his end product?

re: "every serious player in the stock market also has a telescope," see my comments on the Chicago fiber installation elsewhere in this thread.




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