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mk · 4564 days ago · link · · parent · post: Raging Bulls: How Wall Street Got Addicted to Light-Speed Trading
- It is axiomatic that all trades are a net benefit to the economy because they enhance “liquidity,” the ability of investors to buy or sell assets at the best price.
There is no best price when the trade is agnostic to the company. There are just prices. This is both gambling and competition, but there's no investing involved.