I don’t see how it’s a benefit to capitalism or companies or, well, anyone, really, to allow people to make thousands of trades a day for minute profits on each.

My gut feeling is that the stock market would not suffer, and less resources would be wasted, if trades and updates to stock prices were limited to, say, one batch per hour.

There are probably reasons the system is the way it is though.

  • sunzu2@thebrainbin.org
    48·
    4 months ago

    Thank chatgpt

    Now tell me how payment for order flow works.

    Also, let’s discuss market marker exemtion to short sale rules while you are at it.

    What happens if market maker fails to deliver shares?

    If the market is so competitive why is control few a few big players?

    • Steve@startrek.websiteEnglish
      8·
      4 months ago

      Thanks but im not chatgpt

      Few players bc they invested in the big machines.

      Same reason few players manufacture rocketships- its difficult and expensive

      • sunzu2@thebrainbin.org
        16·
        4 months ago

        If they take too much, someone else will undercut them in a race to the bottom If they take too much, someone else will undercut them in a race to the bottom

        Which one is it