Using computer algorithms, 400 firms accounted for 73% of US equity volume | Hacker News

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		Using computer algorithms, 400 firms accounted for 73% of US equity volume (ft.com)
		1 point by stuffthatmatter on July 24, 2009 \| hide \| past \| favorite \| 3 comments

stuffthatmatter on July 24, 2009 [–]

Trading equities has turned into a casino. With bots.

neilc on July 24, 2009 | [–]

I thought that was pretty common knowledge. Is it a bad state of affairs?

stuffthatmatter on July 24, 2009 | | [–]

I don't think it's common knowledge. New York Times just did a piece on how companies like goldman sachs profit from high frequency trading

http://www.nytimes.com/2009/07/24/business/24trading.html?_r...

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