Stocks & Commodities V. 27:4 (58): 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.
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