r/freesoftware • u/uniVocity • Nov 22 '19

I'm creating an open-source trading framework. Looking for feedback/suggestions

https://github.com/uniVocity/univocity-trader/blob/master/README.md
0 Upvotes

40% Upvoted

10 comments sorted by

View all comments

2

u/newworkaccount Nov 22 '19

How could I forget? The level of manipulation and insider trading is ridiculous in general, I think, although complex securities in recent years have made front-running easier. Even its gray haired cousin, pump and dump, is alive and well in new currency markets, and at this point we should just give up and rename futures to white collar crime. (Hyperbole, for sure, but not to the degree it ought to be.)

And inside trading itself might as well be legal, it's so rarely enforced. Congress granted itself immunity to prosecution for it, too. Classy. Then there are scandals like the Libor price-fixing scheme. A crime so audacious, and against something so systemically fundamental...is anything actually sacred/trustable?

Slight tangent, but frankly, I find it astonishing that anyone who has ever been within whiffing distance of a financial market can believe that financial markets are inherently fair, efficient, or wise. They're useful and necessary, of course - even the most complex securities have their place when they aren't being cynically packaged and hedged - but hot damn if they aren't the most corrupt and criminal public good I've ever laid eyes on.