High-Frequency Trading Pioneer: Today’s Trading ‘Has Absolutely No Social Value’

High-Frequency Trading Pioneer: Today’s Trading ‘Has Absolutely No Social Value’: Thomas Peterffy, who pioneered the computer-based high-frequency trading that generates millions of dollars in profits for big banks, said in an interview with NPR’s Planet Money that speed trading has gotten so fast that it now “has absolutely no social value”: Peterffy says automation has done some very good things for the world. It’s made [...]/p