We all know that computer science and the latest information technology advances have brought us faster and faster trades on exchanges such as the NYSE and Nasdaq. As a result, high frequency trading (HFT) has increasingly caused more volatility, flash crashes, and very unhealthy, predacious trading. HFT companies such as Virtu Financial have made a profit every day in the last 6 years with but one day at a loss, at the expense of every one else in the market losing just a little bit continuously. This is not healthy speculation and it leaves no room for competition. HFT companies are predators and regulation to slow trades will only create greater problems.
A little known history… Markets aren't new. In fact, despite all the above advances in how fast trades can execute, the markets themselves have not evolved with that technology since 1602 when the Dutch East India Trading company established the Amsterdam Stock Exchange. The world was a different place back then. Information traveled much slower. Yet, although HFT was not possible, flash crashing and volatility did still occur "when appropriate": The famous Tulip Mania.
PS Coin proposes a new kind of market. The first change since 1602. A correct change based on math, designed by a mathematician and computer scientist for the information technology age.
Please see our video:
Please also see our hashtalk thread: https://hashtalk.org/topic/31387/ps-coin-a-new-kind-of-market-paycoin-exchange
Sources:
http://www.bloomberg.com/news/artic...rader-virtu-extends-nearly-unblemished-streak
https://en.wikipedia.org/wiki/Amsterdam_Stock_Exchange#History
https://en.wikipedia.org/wiki/Tulip_mania#History
A little known history… Markets aren't new. In fact, despite all the above advances in how fast trades can execute, the markets themselves have not evolved with that technology since 1602 when the Dutch East India Trading company established the Amsterdam Stock Exchange. The world was a different place back then. Information traveled much slower. Yet, although HFT was not possible, flash crashing and volatility did still occur "when appropriate": The famous Tulip Mania.
PS Coin proposes a new kind of market. The first change since 1602. A correct change based on math, designed by a mathematician and computer scientist for the information technology age.
Please see our video:
Please also see our hashtalk thread: https://hashtalk.org/topic/31387/ps-coin-a-new-kind-of-market-paycoin-exchange
Sources:
http://www.bloomberg.com/news/artic...rader-virtu-extends-nearly-unblemished-streak
https://en.wikipedia.org/wiki/Amsterdam_Stock_Exchange#History
https://en.wikipedia.org/wiki/Tulip_mania#History
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