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Joining us now hiring and Aldridge managing partner able alpha trading author of the book and -- it is high frequency trading are practical guide.
-- -- -- strategies and trading systems and I recommend this.
For every one over the -- up up up up up this is.
This -- -- flogging and we're glad you're here to get this through all I think it -- here I.
Let me let me turn first of these markets idea and some of -- because -- and person after person on this broadcast certain ones who restored about.
All -- -- -- everything is despair my dog the Fed is talking this way about it we've.
And -- -- -- a hundred -- points today and and what a difference today makes what is going on with this.
He has so it seems like what's going on there's a lot of uncertainty -- there's a lot of turbulence -- -- -- turbulence comes from Europe and turbulence also is coming from someone -- go away phenomenon where.
Essentially investors just fell on -- and go away for the summer if this -- have a little bit.
But sometimes -- about -- and sometimes -- -- yes well schooled unfinished now until June you know a high school.
I've got as one of the impediment that it'd -- the other part of it is it seems to me we're looking at a market in which.
There is less volume.
There seems to be.
To this point less volatility.
It is a peculiar in that we've got all of this high frequency trading.
But we also have high frequency trading that has been come monetize this speed has been for monetized.
Your margins the margins.
A ball are are being -- -- so what is the influence.
And the outcome for investors who are running high frequency trading who want to invest in growth companies and income stocks.
And whether -- Well first -- during during any kind of downturn during any if you look at the Great Depression or any of the big crises in the market.
-- investors always pull out of the markets so it's it's always the fact that the volumes dropped dramatically whenever it returns are going down on when the returns are coming back up.
-- come back up with them so I think that's something we've witnessed this spring.
In -- -- high frequency trading specifically in in terms off technology.
We we are living -- an unprecedented stage where over the past ten years the cost of computer and computing power.
Have dropped 1000 times that -- it's it's amazingly cheap right now to install intentionally.
Millions of computing -- well.
And and the reason the costs have come down it's not because the Wall Street has pressured computer producers -- to decrease the cost.
Is because of the video gaming industry there's so many people playing video games.
On their computers that there at the age is demanding -- -- -- -- of his superb for band with for speed capacity.
Yet picture yet.
So it's heaven and improve says it's her like we're living through if you want the financial Detroit -- then in the NA -- kind of more positive sense but -- the but -- -- -- that part of the construction of the truck -- -- financial technology is displacing.
Traditional brokers so a -- think a lot of the people who used to do this it as as -- human -- -- we used to -- might make markets and stuff like that.
But is there is how we we have.
Much leaner operations on trading floors and also we have that the transaction costs have dropped like one what is.
Not what is the influence on the market and investors what is -- -- -- course and what -- in this quickly changing world.
Fewer people greater bandwidth greater capacity greater memory greater speed.
How does it influence a decision.
To -- -- stock in particular art and your best counsel through an investor.
I don't in about thirty so far I have permanent rest his suspect that I don't think much has changed is -- have to look at fundamentals if you're investing -- of four to five year term you have to look at the fundamentals of the company you have to believe in the company -- to believe in the company's management you have to believe into the product.
And and they I think -- -- trading mostly affect the execution of the -- so how quickly they're not but not so much the long term prospects of stock.
Is that your time to get into this market given all I've really struck out I've read at -- -- yet.
So the -- -- those naysayers of bonds some pundits that I know.
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