“The global economic system is dysfunctional because of the mismatch between the modern technology used in the real economy and the operational procedures of the financial system.” Richard Olsen is an economic researcher in high frequency finance. He has a long experience and strong knowledge of the forex market structure, technology and buy/sell side. “The financial system needs to be reformed, which is not as difficult as people might think”, he stressed.
In this exclusive interview with FXstreet.com, Richard Olsen proposes the introduction of electronic certificates, global early warning system or stabilizing investment strategies, among other innovations. He also gives us his forecast on the market volume and turnover, diversity of market players, investment products, ethic changes or technology and internet evolutions. “Long-term, there will be one centralized exchange – it will be embedded and integral part of the Internet” he foreshadows.
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December 13th, 2011 | Economics, General, High frequency finance, News | RSS feed
Nice article. Been a while til you updated your website!
Mr. Olsen proposes “introduction of stabilizing investment strategies” but on the other side his own baby OANDA charges $600 per month just for having access to the API. I think this is a limitation that effectively prevents smaller market participants from implementing such a strategies as mentioned above.
It also limits access to the data (currently there are 209 pairs available at OANDA) which would allow tracking when market overshoots and when it’s in balance.