I have a writeup of some of the issues surrounding High Frequency Trading over at The Atlantic Business. The issue can get mind-numbing technical for a general audience, so I tried to convey the Economic 101 issues at play here, and how they effect both the market and other investors. There’s a lot of uncertainty of the effect of this on the market itself; at the very least we should get an SEC investigation.
From this point forward I’ll be contributing material to The Atlantic’s Business website. The ghost of Oliver Wendell Holmes Sr. sleeps well tonight. I’ll still be blogging here regularly, so don’t delete your rss feed or anything, and anything I write for them I’ll throw a note up here with a link. I hope you all follow through and check it out, and link and comment away. (Obviously you should be reading The Atlantic more generally, which has someone threaded the needle of staying a great magazine as well as a must-read website over the past decade.) And at this point I’d also like to throw a shout-out to the readers, commenters, etc. that have grown around this site. One of the amazing parts of the internet is when you get to interact with sharp minds who want to contribute to the ideas you are building – and that has definitely made this all worthwhile.