Comment fascinating tech (Score 2) 321
I find the technology behind HFT pretty fascinating, the level of optimization is impressive and right out there on the bleeding edge. IIRC there are switches being developed with trading algorithms right in the silicon. I just wished they had something to show for all that work. I'm perfectly ok with the levels of profit and gain but show me a widget or something of value that was produced from the labor. The usual answer you get from this question is liquidity and allocation of capital but if the inventors would be honest with themselves they would realize that's not the case. Trades happening at minute resolution by a human would provide the same level of capital allocation and liquidity as trades happening at the microsecond resolution by machines.