Three expensive miliseconds

[Dave]

Has the world of stocks and shares gone completely bonkers?


https://www.nytimes.com/2014/04/14/opinion/krugman-three-expensive-milliseconds.html?_r=0

[Davin]

This is the kind of thing that bugs me. They are making money while providing no useful product or service. If anything, they are making things worse for everyone else.

[Dave]

This is the kind of thing that bugs me. They are making money while providing no useful product or service. If anything, they are making things worse for everyone else.

I whole heartedly agree. The term "parasite" applies here well. Even those more lowly salaried staff obviousky have a dent in their morals and ethics to work in such a field.

On reflection: special dispensation for the likes of Warren Buffett, at least he has a philanthropic gene.