This is nonsense. With a future, for example, both sides lock in future cash flows and can lead to a reduction in risk for each party. Reduction in risk for each party can be beneficial for each party.
You might as well say that buying milk is a zero sum game, because the milk is either over or under priced. That's just wrong. Financial securities have more to them than just their price.
You might as well say that buying milk is a zero sum game, because the milk is either over or under priced. That's just wrong. Financial securities have more to them than just their price.