• Marc To Market
    04/20/2014 - 15:01
    Prak central bank balance sheets are still ahead.  Interest rate increases are still several quarters out.  Austerity has peaked.  The output gap has peaked.    What does...

New York Stock Exchange

Tyler Durden's picture

Read Michael Lewis' Flash Boys: A Wall Street Revolt: An Adaptation





The stock market really was rigged... “It’s 2009,” Katsuyama says. “This had been happening to me for almost two years. There’s no way I’m the first guy to have figured this out. So what happened to everyone else?” The question seemed to answer itself: Anyone who understood the problem was making money off it...

 


Tyler Durden's picture

Frontrunning: March 28





  • Crimea Resolution Backed by U.S. Barely Gets UN Majority (BBG)
  • Russian Buildup Stokes Worries (WSJ)
  • As reported here first: China’s Developers Face Shakeout as Easy Money Ends (BBG)
  • U.S. House Poised to Clear Sanctions Called Putin Warning (BBG)
  • Bitcoin Prices Plunge on Report PBOC Orders Accounts Shut (BBG)
  • Search for lost Malaysian jet shifts significantly after new lead (Reuters)
  • Russian fund taps China and Middle East (FT)
  • Long battle looms between U.S. college, athletes seeking to unionize (Reuters)
  • Official warns EU-US trade deal at risk over investor cases (FT)
  • New iPhone likely out in September, Nikkei daily says (AFP)
 


Tyler Durden's picture

Russia To Create Own National Payment System In "Bid To Reduce Dependence On The West"





The more the West attempts to "isolate" Russia and pushes it away from its "core values" and of course the US Dollar, the more Russia will seek the safety of a non-dollar based system. We have previously described how Putin has been scrambling to enmesh Russia in tight bilateral commodity-based trade with both China and India, and now it is Russia's turn to announce it would seek its own "national payment settlement system" following last week's surprising and unmandated service halts by both Visa and MasterCard, which as Vladimir Putin said earlier today, will be a "bid to reduce economic dependence on the West."

 


Marc To Market's picture

The Word from the Bundesbank





What is the Bundesbank thinking? 

 


Tyler Durden's picture

Frontrunning: March 26





  • One-Ship Ukraine Navy Defies Russia to the End (WSJ)
  • Crimea-Induced Trading Surge Stokes Moscow Exchange Rally (BBG)
  • Moscow says Ukraine stops Russian crews disembarking in Kiev (Reuters)
  • New images show more than 100 objects that could be plane debris (Reuters)
  • Anger of Flight 370 Families Explodes in Beijing (BBG)
  • Murdoch Promotes Son Lachlan in Succession Plan for Empire (BBG)
  • Facebook to buy virtual reality goggles maker for $2 billion (Reuters)
  • Syrian Regime Exploits Rebel Despair (WSJ)
  • King Digital IPO price may not bode well for stock (Reuters)
  • Rothschild in Twitter Spat as Bakries Cut Ties With Miner (BBG)
 


Tyler Durden's picture

Algo Activity (And Manipulation) Breaks Record On Friday's Quad Witching Debacle





Friday was an extremely volatile day with new record highs being achieved miraculously at the open only to be followed by free-fall in the market's most-loved momentum names into the close. It seems that the quad-witching was of particular interest to the algos as Nanex notes, a new record was set for most trades in a 1-second interval. What was even more unusual was the record number of 'unusual' price changes that occurred in the 3 seconds before the market opened and index futures expired. "Efficient" markets indeed...

 


Tyler Durden's picture

Guess Which Precious Metal Is Controlled By The Russians





Palladium is like the Rodney Dangerfield of precious metals. It never gets any respect. If you ask someone about precious metals, in fact, just about everyone has heard of gold and silver. And occasionally platinum. But palladium is one of those obscure precious metals that few people think about, or even know about. Palladium is widely used in a variety of industrial applications, from spark plugs to catalytic converters to hydrocarbon ‘cracking’ to electronic components. And here’s something most people don’t know: most of the world’s palladium is mined in Russia.

 


Tyler Durden's picture

Government Agency Warns If 9 Substations Are Destroyed, The Power Grid Could Be Down For 18 Months





What would you do if the Internet or the power grid went down for over a year?  Our key infrastructure, including the Internet and the power grid, is far more vulnerable than most people would dare to imagine.  These days, most people simply take for granted that the lights will always be on and that the Internet will always function properly.  But what if all that changed someday in the blink of an eye?  According to the Federal Energy Regulatory Commission's latest report, all it would take to plunge the entire nation into darkness for more than a year would be to knock out a transformer manufacturer and just 9 of our 55,000 electrical substations on a really hot summer day.  The reality of the matter is that our power grid is in desperate need of updating, and there is very little or no physical security at most of these substations.

 


Tyler Durden's picture

NY Attorney General Probing HFT "Fairness & Predatory Behavior": Did He Just Kill The Virtu IPO?





It seems the blatant unveiling of the HFT market's Holy Grail trading - Virtu (1 loss in 1238 days) - has raised some attention as Bloomberg reports, NY AG Eric Schneiderman has opened a broad investigation into whether U.S. stock exchanges and alternative venues provide high-frequency traders with improper advantages. As one European lawmaker noted, "the area of high-frequency trading is lacking suitable regulation," and Schneiderman warned "this new breed of predatory behavior gives a small segment of the industry an enormous advantage over all other competitors."  We wonder how this will affect Virtu's IPO given regulation is risk factor #1!

 


Tyler Durden's picture

Kermit Kaption Kontest





Today Kermit rang the bell for the NYSE. That is all.

 


Tyler Durden's picture

FTC Launches Investigation Into Herbalife, Stock Tumbles 15%: Check To Uncle Carl





HERBALIFE RECEIVED TODAY A CIVIL INVESTIGATIVE DEMAND FROM FTC
HERBALIFE SAYS IT'S CONFIDENT IT'S IN COMPLIANCE
HERBALIFE COMMENTS ON FTC PROBE, WELCOME INQUIRY
HERBALIFE WON'T FURTHER COMMENT UNTIL MATERIAL DEVELOPMENTS

 


Tyler Durden's picture

10 Warnings Signs Of Stock Market Exuberance





Imagine that you are speeding down one of those long and lonesome stretches of highway that seems to fall off the edge of the horizon.  As the painted white lines become a blur, you notice a sign that says "Warning."  You look ahead for what seems to be miles of endless highway, but see nothing.  You assume the sign must be old therefore you disregard it, slipping back into complacency. A few miles down the road you see another sign that reads "Warning: Danger Ahead."  Yet, you see nothing in distance.  Again, a few miles later you see another sign that reads "No, Really, There IS Danger Ahead."  Still, it is clear for miles ahead as the road disappears over the next hill.  You ponder whether you should slow down a bit just in case.  However, you know that if you do it will make you late for your appointment.  The road remains completely clear ahead, and there are no imminent sings of danger.  So, you press ahead.  As you crest the next hill there is a large pothole directly in your path.  Given your current speed there is simply nothing that can be done to change the following course of events.  With your car now totalled, you tell yourself that there was simply "no way to have seen that coming." 

 


Tyler Durden's picture

Frontrunning: March 11





  • Malaysia Says Stolen Passport User Had No Links to Terror Groups (BBG)
  • Malaysia military tracked missing plane to west coast (Reuters)
  • Freescale loss in Malaysia tragedy leads to travel policy questions (Reuters)
  • Top German body calls for QE blitz to avert deflation trap in Europe (Telegraph)
  • Firms Suffer 23% Drop in Asia Fees Amid Search for Cash (BBG)
  • Putin Dismisses U.S. Proposal on Ukraine (WSJ)
  • Lenovo says China strike an IBM matter, but it won't cut wages (Reuters)
  • Congress to Investigate GM Recall (WSJ)
  • New hedge funds face life or death battle for funding (FT)
  • Muni Bond Costs Hit Investors in Wallet (WSJ)
  • BOJ keeps stimulus in place, cuts view on exports in warning sign (Reuters)
  • ECB Homes In on Risky Assets as Inspectors Fan Out Across Europe  (BBG)
  • Snowden: "The Constitution was violated" (Reuters)
 


CalibratedConfidence's picture

($XXII) 22nd Century Groups Gets NYSE Approval, VIRTU is DMM





...haven't traveled to NASCO facility but this operation is legit and the technology is outrageously valuable

 


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