Trading Systems

DARPA Asks HFT Traders How Hackers Will Crash The Market

Among the potential scenarios probed by the Pentagon: Hackers could inject false information into stock-data feeds, sending trading algorithms out of whack; or they could flood the stock market with fake sell orders and trigger a market crash.

Where US Stocks Are Traded Today

The US equity market structure has never been more fragmented, with 12 exchanges, over 40 alternative trading systems, dozens of dark pools, it means that the venerable New York Stock Exchange gets barely 13% of the US stock trading volume.

Could Market Complexity Trigger The Next Crash?

Just like in an avalanche, where various factors at the top of a mountain (accumulating volumes of snow, weather, temperature, geology, gravity, etc.) make up a complex system that is difficult to predict, markets are similarly complex... and prone to instantaneous collapse.

The Next Market Crash Will Not Be Televised

"In the end, just like 1987, 1998, and 2008, the taxpayer will end up holding the bag. They will never see the crash coming... and modern television will cover it much like they did in 2007 and 2008: After the financial nuclear bomb has already gone off."

"Oil God" Andy Hall Blows Up, Closes Main Astenbeck Hedge Fund

Two years ago, we wondered how long the biggest oil permabull, Andy Hall, would last in an environment where oil prices refused to go up. Turns out the answer was about 2 and a half years, because moments ago, Bloomberg reported that Hall is shuttering his main Astenbeck hedge fund.

Delaware Assembly Passes "Historic" Law Legalizing Blockchain-Based Stock Trades

...the bill is expected to pave the way for potentially large-scale issuance of stock on a blockchain. By trading stock on a blockchain or similar distributed ledgers, users can cut out middlemen like the exchanges and ATSs that profit by facilitating trades, resulting in significantly faster settlement times...

The Golden Conspiracy

"Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion... Now, where is the manipulation coming from? There are a number of suspects but you need look no further than China. "