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Posted 8 months ago

What Business is Wall Street In ? « blog maverick

http://blogmaverick.com/2012/09/21/what-business-is-wall-street-in-3/

Mark Cuban, making an excellent point:

There is value to trading automation. It is here to stay. There is absolutely NO VALUE to High Frequency Trading. None. We need to bring our markets back to their original goals of creating capital for business. It’s impossible to guess how many small to medium size companies have been held back from growing and creating jobs and wealth because of lack of access to capital from the stock market. It’s not impossible to know that our economy has suffered because Wall Street equity markets are no longer a source of equity for helping companies grow, it is not a platform for hackers and that needs to change. Quickly.