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Day traders disappear, robot traders do too

2017-08-11 15:23:36.219306+00 by Dan Lyke 0 comments

The Quant Fund Robot Takeover Has Been Postponed:

In order to exploit inefficiency, giant firms like Two Sigma Investments LP and Worldquant LLC “need to be dwarfed by large, dumb money,” Berger said by phone. “They’re waiting for the sucker to come to the table, but the suckers are fewer and far between.”

ie: Day trading is no longer a thing.

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