Jane Street skims money from our retirement accounts by building expensive clocks that the rest of us don’t have access to and adversarial queue modeling. We get WWVB and NIST NTP. They say they “add liquidity” as if subsecond trades are some fundamental need in the market. Normal legitimate business settles daily. The contemporary concept of time in banking is inhumane in the strictest sense. These firms are a blight on society.
I have strong math for the question they’re asking but f them.
How is trading a stock "skimming money from your retirement account." You choose to put your retirement money in the market, that doesn't imply others shouldn't be able to trade in that market for other reasons. Not sure what you mean by "legitimate business settles daily" -- are you suggesting stocks should trade only once a day? (They already do settle as opposed to trade daily, not instantly, but I know that's not what you meant.) If you want a lower liquidity asset that's not volume traded for whatever reason, you're welcome to buy bonds, preferred, etc.
> Jane Street skims money from our retirement accounts by building expensive clocks that the rest of us don’t have access to and adversarial queue modeling
How does Jane Street skim money from those who hold passive index funds?
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