Having read this white paper the general impression I get from the authors is that they are unhappy about automated market traders exploiting other poor algorithms.
In essence this is five pages dedicated to,"Entity A has better algorithms than we do, this should be illegal because we don't know how to compete."
If you can identify the bubble, you can make money. These guys have figured out how the game works now they need to exploit it, in the name of free market capitalism of course.
Well said. Though given the stupidity of their examples, I would not bet on these guys to write any winning trades any time soon. Better to cry foul and scam a few buy-siders into buying their snake oil.
Comments
Having read this white paper the general impression I get from the authors is that they are unhappy about automated market traders exploiting other poor algorithms. In essence this is five pages dedicated to,"Entity A has better algorithms than we do, this should be illegal because we don't know how to compete."
If you can identify the bubble, you can make money. These guys have figured out how the game works now they need to exploit it, in the name of free market capitalism of course.
Well said. Though given the stupidity of their examples, I would not bet on these guys to write any winning trades any time soon. Better to cry foul and scam a few buy-siders into buying their snake oil.