A piece in Smart Money questions whether the stock market is still fair in an age of high-speed trading, where a handful of deep-pocketed traders can jump ahead of everyone else. As one trader explains: "When the exchanges were member-owned they looked out for ordinary investors, but now that they've shifted to a for-profit model they're taking care of their big customers. They've found a way to make money for doing nothing."
Individual investors and companies, especially smaller ones, are no longer well-served by this system - and that is one of the key arguments for the creation of local stock exchanges that serve their regions, such as those proposed in Lancaster, PA, Hawaii, and Toronto. Check them out!
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