Comment Everyone knows the stock market is a scam, but.... (Score 1) 96
I remember having to phone a stock broker, who would eventually enter the order on his terminal. Then we got direct online trading, much faster (and cheaper.)
Meanwhile, big companies computer trade on a millisecond scale, with no humans involved (and probably pay less per trade than I do, and probably get around inconveniences like the delay for their nanosecond autotrades to settle.)
Anyone who makes money in the stock market is skimming it from someone else. I understand that, but why hand money to others with a huge advantage? At least casinos have a regulated and known house edge.
We need universal minimum latency for trades, or individuals need to hold equity and stop giving the robber barons money for nothing.