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October 07, 2009

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Abhijit

Add Mumbai to your list of Datacentres.

Mumbai is already host to half a dozen plus exchanges who are in the Global top 10 in the number of trades. And this when Algos and HFT are yet to pickup.

Chris Skinner

Too true Abhijit and I thought I had Mumbai on the list - must have been deleted when I ran the spell check ...

Mike Pawlisz

Excellent as usual Chris. It certainly adds some insight to the claim of 10% successful traders to 90% losers and exposes the true culprit - emotion. If you can trade without emotion (like a computerized system) you should be among the winners. That said, it is emotion that brings the little guy to the market. It always will (new money is required to continue the game) - I wouldn't waste time speculating what would happen if all the individual traders pulled out (like a run on banks). Interesting scenario though, letting all the computers fight it out. I liked your comment about equal access to the markets. Sure, "There is no barrier to entry", but let's say there were no barrier to entry to professional football, for example. How do you think the average guy off the street would fare in a pro game? In sports as in the markets, the top talent is discovered, recruited and developed at the highest of levels. The rest of us are left to watch the game on weekends or play in an amateur league.

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