Seems like u belong to the sciolistic group.Did I said I prefer active trading around the clock? If u think u can help ur clients beat the market by giving analysis or insider news whatsoever (let alone if they r biased or not), there are always ppl who already know way ahead of u. By the time u enter the market, the price has been factored. In the end, they lose out not only paying higher trading cost but also exposed to avoidable non-systematic risk.
If financial institutes are that good, they would not suffer billions loss. What they r interested is earning commission from investors to sustain their high pays.
One things you are very right: If money is evil, stock market is hell.
But I love here!