{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"e613fff5-9eda-4e8d-b348-903e6d630253","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"e613fff5-9eda-4e8d-b348-903e6d630253","id":"e613fff5-9eda-4e8d-b348-903e6d630253","uuid":"e613fff5-9eda-4e8d-b348-903e6d630253","title":"黑箱社会 控制金钱和信息的数据法则＝THE BLACK BOX SOCIETY","normalized_title":"黑箱社会控制金钱和信息的数据法则theblackboxsociety","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9787508655208","isbns":["9787508655208"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":318,"navigation_url":"https://workshop.closeclaw.top/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253","title_url":"https://workshop.closeclaw.top/ai/title/%E9%BB%91%E7%AE%B1%E7%A4%BE%E4%BC%9A%20%E6%8E%A7%E5%88%B6%E9%87%91%E9%92%B1%E5%92%8C%E4%BF%A1%E6%81%AF%E7%9A%84%E6%95%B0%E6%8D%AE%E6%B3%95%E5%88%99%EF%BC%9DTHE%20BLACK%20BOX%20SOCIETY","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/e613fff5-9eda-4e8d-b348-903e6d630253/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/e613fff5-9eda-4e8d-b348-903e6d630253","page_url":"https://workshop.closeclaw.top/api/ai/books/e613fff5-9eda-4e8d-b348-903e6d630253/page","search_url":"https://workshop.closeclaw.top/api/ai/books/e613fff5-9eda-4e8d-b348-903e6d630253/search"},"page":{"printed_page":180,"pdf_page":199,"physical_index":199,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"ddf810dae48b046d5435de83726f7f5411d6cef8513cfd83c6fe05f9221be47e"},"chapter":"第三章","content":"可悲的是，许多诚心加入401(k)退休计划的工人误以为固定收益套利、算法交易和衍生工具合约都是风险资本积累的绝佳产物。投资者们通常会臆想自己的钱正在支持创新者和企业家们在商海中披荆斩棘。但是，有多少人知道他们的投资真正去了哪里?正如道格·亨伍德(DougHenwood)所言，现在几乎所有的股市活动都是对现有股份的转让，这种交易只是对现有公司期货产品的债权进行重新分配。转让的交易只是声称重新分配现有企业的未来生产力。短时赢利的诱惑吸走了原本投资到绿色能源、纳米技术等有风险但赢利潜力更大的长期项目中的资本。金融部门的短期赢利主义让很多远期规划者都转投曹营。\n\n即使是已经习惯于金融界宠儿地位的美国人也会认为如今的金融议题太过偏向业内人士的利益，而鲜少考虑金融界能够为社会提供什么有效服务。暗箱操作的前卫金融运作模式最终会终结于一种归谬证法：高速算法交易。\n\n高频交易的低社会价值\n\n现代股本市场非常复杂。例如，当一名投资者交付佣金后登录到账户中进行交易时(在自动化情况下仅需一秒)，很多情况下经纪商会将这笔交易发送给批量经营商。截至2012年，这些批量经营商可以通过内部匹配的方式“消化”1/5左右的交易量。其余交易流向两类场所：公共交易所和暗池。\n\n黑箱社会The Black BoxSociety\n\n180","previous_page":179,"next_page":181}