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Is control of the global financial market effectively being handed over to "SKYNET" ?

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posted on Aug, 15 2011 @ 10:38 PM

Originally posted by Dance4Life
Most of all trading is done by computer.

Just evolving to the most efficient way.

There are still the "ones" with the most technology and money to make the best and fastest trades.

There will ALWAYS be information asymmetry in this business.

The computer actually gives us small people a bigger advantage than before believe it or not. Does anyone remember phoning in orders to the broker over the phone? You got the price they gave you ( after they robbed you .25 a share ! haha )

Pro's and con's to everything my friend.

I totally agree that the use of robot trading software has revolutionized the way that the global financial market trades nowadays ... however, my concern is that the trend (and an almost complete one at that) is to remove the human equation and control from the market and essentially give robot traders virtually complete autonomy as to when to buy and sell trades. And because of the mind boggling speed at which they make these decisions and the volume of trades they make, the human traders have no hope in hell of performing any kind of meaningful audit to ensure that the robot traders aren't influencing the financial market negatively.

When we see examples of the market plunging and losing say 5% in a single days trading, how are we to know that the plunge wasn't caused by anything else other than by the robot traders buying and selling to some peculiar logic/decision caused by the interactions of many robot traders around the world ?

posted on Aug, 15 2011 @ 10:44 PM
reply to post by tauristercus

Well we had high volatility. We have something called a "TIME AND SALES" which lists all trades and all times along with the number of shares traded along with the exchange it came from.

Other than that in times like the 70's energy crisis - 80's crash - dot com bubble - we see these same sorts of volatility. No market trades the exact same.

If there are other questions I can answer or answer more clearly let me know. In the end all these programs are based off of discretionary trading patterns that market makers used to perform.

You can also research the old role of the NYSE "Specialist" to gain a little more insight on market makers etc..

posted on Aug, 15 2011 @ 10:48 PM
By the way -

I am not saying that I think all of this is legit. I am guessing there are predatory programs that take advantage of a little more than they are supposed to. But I really do not believe it is even close as to what the media would like to tell you. Remember, they have to sell advertising whether it be in the manner of "webclickz" or TV.

It's not perfect. There are things we could probably do but then how far do we go to interject into the free market? Remember, we will always be a step behind big banks and Hedge Funds. There is no going back from this.. unfortunately the way it is brother.

posted on Aug, 15 2011 @ 10:51 PM

Originally posted by Never Despise
here is a chart from a robo-trading progam called "Bandsaw II," which executes rapid buy-sell orders many times per second.

This ain't your father's stock-chart. Beating this with "human skill" seems a cruel joke at best:

looks like a slot machine,, simple dont gamble,,
cause web bot is the house,,,and the house always wins,,

Sknet now di

posted on Aug, 18 2011 @ 07:11 PM
reply to post by tauristercus

I trully agree with you and i already said the self warness is on going. I have to add this, for me, the AI is spreading arround the world entering major fórums and bloggs to mold or induce global opinion of the most comun people.
one of these AI's is already at work for us to see, check (i think you already know)

posted on Aug, 18 2011 @ 07:25 PM
Being involved in the tech startup, news and tech worlds I tell you that your posting is 100% true.

I've talked to a number of NASDAQ Execs who are actively seeking to merge more computer equipment into the stock market. There are even whispers to use twitter like services and other social networks to aggregate company, business, and economic news easier to wall street. You just can't do the stock market thing without some sort of technology now. Computers are also more precise at measuring economic stuff than humans are. We've done a pretty good job at screwing up our economy. I say give it to the computers. As long as certain measures are put in place.

posted on Aug, 28 2011 @ 03:41 AM
reply to post by voyger2

Did you read the article you posted? Or was that a joke? It clearly says in there that "Trinity" is NOT an AI...

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