Archive - Aug 3, 2009

Whitney Tilson continues investigating High Frequency Trading

• Goldman Sachs' reputation tarnished (FT)
• HFT Recap:
  • Paul Krugman - Rewarding bad actors (NYT)
  • RIse of hte machines (Economist)
  • Countering High-Frequency Trading (Strategic Reasoning)
  • Tradeanator 2: Settlement Day (YouTube)
• Wall Street profits from trades with the Fed (FT)

Despite VIX on a steady decrease since late 2008, the market has seen a strong upsurge in rates vol over the summer.

• Asian stocks rise, as Mitsubishi UFJ leads banks higher; Nissan advances.
• Bank, auto shares jump in Japan; Topix hits 9-month high but Nikkei fractionally lower.
• Britain's manufacturing sector grew in July; pound rallies on the news.
• Cash for Clunkers program could end unless Senate approves $2B in addln funding.
• China's Manufacturing grows in July as lending, stimulus counter slump in exports.
• China shares hit 14-month high as surveys show manufacturing is expanding.