This is an overly simplistic view of algo trading. It ignores things like market... | Hacker News

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		atomicnumber3 9 months ago \| parent \| context \| favorite \| on: The coming knowledge-work supply-chain crisis This is an overly simplistic view of algo trading. It ignores things like market services, the very real value of liquidity, and so on. Also ignores capital gains - and small market moves are the very mechanism by which capital formation happens.

fwip 9 months ago [–]

Stock is only one part of capital formation, and of that, algorithmic trading is only incidental to the sale of those stocks.

Put another way - capital was accrued long before we had a stock market, and even longer before we had computers deciding which stocks to sell or buy.

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