He who has the fastest computer wins? This will only kill off more retail investors, as the game is rigged for short term churning moves.
Think along the lines of a casino roulette table, the dealers are taught to be productive. The more spins per hour, the more money the casino will make. It’s that simple.
An average dealer may get 27 to 29 revolutions per spin before the ball loses momentum and falls into the pockets.
Now imagine HFT bandit speeding that up 1000 times.
I don't belive it is right to even have a centrepoint trade happening. I can't place an order at $2.455 yet other market participants can. I even get a message that I "must" change my order to one cent increments.
TGS Price at posting:
38.0¢ Sentiment: LT Buy Disclosure: Held
