Hungarian-American billionaire and philanthropist George Soros is no stranger when it comes to throwing around money, but the former hedge fund manager is making headlines over some major donations he’s made to help legalize marijuana.
On the heels of the approval of two of the United States’ first recreational laws in Colorado and Washington, other locales across the country are considering implementing policy changes that could decriminalize pot, ease penalties for users or eliminate weed laws altogether. Advocacy groups are leading the campaign to crush marijuana prohibition from coast-to-coast, and 83-year-old Soros is helping line the pockets of those making that push.
On Wednesday this week, Kelly Riddell at The Washington Times pulled back the curtain to reveal details about some of the roles that Soros has played in the pro-weed debate, and helped explain how the billionaire’s many foundations are fighting the war against pot prohibition.
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First, let me say what you read here is going to be wrong in several ways. HFT covers such a wide path of trading that different parties participate or are impacted in different ways. I wanted to put this out there as a starting point . Hopefully the comments will help further educate us all
1. Electronic trading is part of HFT, but not all electronic trading is high frequency trading.
Trading equities and other financial instruments has been around for a long time. it is Electronic Trading that has lead to far smaller spreads and lower actual trading costs from your broker. Very often HFT companies take credit for reducing spreads. They did not. Electronic trading did.
We all trade electronically now. It’s no big deal
2. Speed is not a problem
People like to look at the speed of trading as the problem. It is not. We have…
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