What a boring, presumptuous article ridden with hyperbole. I'm getting tired of these popular magazines picking up a cool-sounding subject, a recent mishap and selling the whole thing as if it will completely obliterate the old ways. Oh and add a few awesome words (algorithms, speed of light, 3 feet of fiber, quantum mechanics,...) that they hope will make the reader think he's in the 23rd century. Half of the article is basically repeated fancy sentences like "Faster and faster turn the wheels of finance, increasing the risk that they will spin out of control"...
Let's be serious. Value-based investment is not going away and high frequency trading is just one more avenue through which a decent number of companies, and so people, will take advantage of an opportunity and do well.
Who is supposed to be the target audience of Wired these days?
Further, many articles describing financial failures of a similar flavour will blame the "Quants", whereas in reality they have little power and merely provide the means to execute an idea. With nobody willing/able to regulate against such practices, they will continue to remain a valid avenue for value generation.
Let's be serious. Value-based investment is not going away and high frequency trading is just one more avenue through which a decent number of companies, and so people, will take advantage of an opportunity and do well.
Who is supposed to be the target audience of Wired these days?