Tag Archives: Thomas Peterffy

High-Frequency Trading Pioneer: Today’s Drive For Speed ‘Has Absolutely No Social Value’

The man who built what was possibly the first stock-trading robot now worries they have too much sway over the market. In other news, Victor Frankenstein is starting to rethink that whole reanimating-the-dead thing. Starting in the 1970s, Thomas Peterffy, … Continue reading

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High-Frequency Trading Pioneer: Today’s Drive For Speed ‘Has Absolutely No Social Value’

….Back then Peterffy’s efforts tended to frighten and confuse the market locals, but pretty soon everybody was using computers for trading. Fast-forward to today, when trading robots have become so ubiquitous that high-speed trading makes up more than half of all stock-market … Continue reading

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