Q&A | APR 2009
Q&A by Don Bright
Q&A by Don Bright THE SHAPE OF THINGS TO COME I have been studying for my Series 7. So I’m studying up and learning as much as possible. What’s your personal opinion for, say, the next five years in regards to the industry? Do you see any major changes coming that would affect the entire trading community? How do you feel about the future for pair strategies, open orders, and all that? I am seriously dedicating my life and future to this path, and I am curious what someone of your knowledge thinks will be happening in the next five to 10 years in the industry. Thanks. —Shane Hi Shane, good luck with your studies! The naysayers have been predicting the end of trading as we know it for decades. The way I look at it is this: The global marketplace needs providers of liquidity, and by definition, risk-takers. Many have been lobbying for the “perfect markets,” which is really an oxymoron. Capitalism (or “markets”) require buyers and sellers. I have often said “Be careful what you wish for” to those suggesting total transparency. Imagine going to your local warehouse store to buy shares in GE at a specific price — not much incentive to buy, right? So philosophically, I think the markets will continue for some time.
by Don Bright
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