Discussion in 'Trading' started by SethArb, May 25, 2009.
no more whales "spoofing" on the DOM
no more knocking stuff down so you can load up
or running up the goods so you can unload your take
is there any value to looking at bids/offers on the dom anyway? it takes bots a mili second to cancel an order.
open outcry is far more transparent imo and I know im gonna get shit for saying that but I don't care.
Sure the retail customer gets the shaft on the deal but the players that truly matter (funds, commercials, locals) benifit and can truly read the supply/demand of the market, who is playing, etc. Transparency creates the "right price" and you don't get that in electronic markets. Its just a sick computer game with countless players hidden behind a computer. Imo the reason the markets have gotten more volatile and random is due to electronic trading. Its not a hedging mechanism anymore.......its a casino.
?......increased cancellation fees?
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