72SBC
Doesn't really care
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This is exactly why I strongly caution against putting trust in YouTube pundits. They take disparate ideas, weave them together into what is at best propaganda, and at worst, utter fiction.
I think that I heard that JPMorgan has one too, or some other huge bank, for whatever reason. The idea that they are trading at milliseconds, and can anticipate the slightest downward movement of a stock, sell before it moves down/buy before it moves up, has rendered the human trader useless. You could see how this would be a "No Lose" situation...
...what could go wrong?
No, what some high speed traders have done is move their incredibly high speed servers as close as possible to the exchanges. What that has done is given them a few milliseconds to front run trades. I've had it happen to me many times. A 10 cent per trade tax would probably end this.
I felt like Tom Cruise was going to bust through at any moment and arrest that guy for a future crime he committed.