> That is, if I were an automated machine trader, I would add LTSE and their slow price changes and compare them to NYSE and make zillions.
Limiting trading frequency, limiting order types, and disallowing shorting would create even better opportunities for automated trading than what LTSE would provide.
> Shorting is never a long-term game and should be banned, as it never does the company any favours.
The economy benefits when market prices more accurately reflect relative value between assets. Hampering the ability of the market to lower a price that is too high never does the economy any favors. More specifically, it harms investors who buy the overpriced stock and it harms other companies raising capital who merit a higher relative price.
Limiting trading frequency, limiting order types, and disallowing shorting would create even better opportunities for automated trading than what LTSE would provide.
> Shorting is never a long-term game and should be banned, as it never does the company any favours.
The economy benefits when market prices more accurately reflect relative value between assets. Hampering the ability of the market to lower a price that is too high never does the economy any favors. More specifically, it harms investors who buy the overpriced stock and it harms other companies raising capital who merit a higher relative price.