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Wednesday, 22 February 2012 19:19
Billionaire: Robot Trading manipulate markets Print E-mail

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Now raging Norwegian stock market heavyweights against missile trade. "It's devastating," said billionaire Jan Haudemann-Andersen to the Norwegian Business Daily.

Robot Trading, also known hogfrekvenshandel, is when a trade is programmed and not driven by human decision is. Hundreds of transactions can be done in one second on the computers that are located physically close to the Exchange computer servers.

The trade is based on an algorithm is a mathematical formula.

In Norway rages now more heavy investors against missile trade.

The robots manipulating the market. It is very devastating. The robots help to make the Oslo Stock Exchange at a clearly much worse marketplace, says billionaire Jan Haudemann-Andersen.

But criticism is turned back to the Oslo Stock Exchange Communications Guro Steine, but admits that no one has a complete overview of how much the robots acting for.

It is important to us pointing out that everyone in principle be treated equally. And it's not that the stock market provides benefits to those who handle the algorithms versus others. It is also important to clarify the prohibition of market manipulation, which is true whether one is using algorithms or in a more traditional way, says Guro Steine, to Dagens Naringsliv.
 
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