• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

High Frequency Trading

Tyler Durden's picture

Why The Founder Of A $35 Billion Hedge Fund Is "Very Worried"





"Most people in the bulk of the job market are not involved in super-high-value jobs. They are doing routine work and tasks and it's precisely these tasks that computers are going to be better at doing..."

 
Tyler Durden's picture

"X-Rated" Markets Expose A Gaggle Of Fantasy-Enablers





As shameful as the market has become, what’s just as disgraceful is the cohort of so-called “smart people” arguing why not only is all this trash good, but also, giving detailed explanations of economic theories, equations, formulas, extrapolations, causation, blah, blah, blah as to explain the nuances of it all. We have just one statement for the so-called “smart crowd.” Please stop it. You are now not only embarrassing yourselves ever the more (if it were even possible at this stage) You are now annoying everyone with any decency of what free markets are supposed to represent. You’ve gone past the once laughable stage to the outright vulgar. So please – spare us.

 
Tyler Durden's picture

"The Liquidity Just Dries Up In A Stressed Market" - How HFT Killed FX Trading





Collin Crownover, head of currency management at State Street Global Advisors Inc., which oversees about $2.4 trillion,  who during a panel presentation said that "we are concerned. During volatile periods, market participants are backing away until conditions settle down, making it harder to complete large orders."“A lot of the electronification of the market, which by and large is a good thing, has led to kill switches on a lot of that algorithmic-provided liquidity,” Crownover said. “The liquidity just dries up in a stressed market.”

 
Tyler Durden's picture

45% Of Americans Pay No Federal Income Tax





When 40% of the working age population doesn’t work and another 10% only hold part-time jobs, it is likely not a total shocker that they aren’t paying any Federal Income taxes.

 
Sprott Money's picture

The Illegitimacy of Comex Pricing





Now that you know what really affects "price", you should be able to control your emotions both on upticks and downswings.

 
Tyler Durden's picture

"People In The Market For Many, Many Years Have Been Replaced By An Algorithm"





“I don’t think there’s a whole lot from my generation that are still in the industry"..."The business has to be downsized,” said Keith Underwood, a foreign-exchange consultant who ended a 25-year trading career, including at Lloyds Banking Group Plc, in 2014. But it’s not easy “for people who have been in a market for many, many years to see that they’ve been replaced by an algorithm.”

 
Tyler Durden's picture

One Of The Biggest High Frequenecy Traders Warns Of Potential Market "Catastrophe"





The head of one of the biggest high-frequency trading companies has warned that there are several faultlines in the structure of increasingly electronic, automated financial markets that could lead to a “catastrophe” in the long run. "We’re creeping in the right direction, but unless we proactively address these issues, sometime in the next several decades we are going to experience a catastrophe due to runaway computerised trading,” Tower Research's Mark Gorton said.

 
Tyler Durden's picture

Did A Central Banker Just Margin Call All Other Central Banks' Credibility?





Did the BOJ’s out-of-the-blue reversal on its monetary stance which was refuted just weeks prior by Mr. Kuroda himself take place because after listening to the arguments, suggestions, as well as concerns, from the participants at Davos he concluded much like what the movie “Margin Call” depicted: It was all about to unravel? And if so: is this him deciding to be “first” and considered it his only choice?

 
EconMatters's picture

Investment Banks Share the Same Trading Algo Code





We used to have notions of ‘proprietary programmed code’ but the Investment Banks learned that they could make their life a lot easier by working together instead of cross purposes.

 
Tyler Durden's picture

As Wall Street Vultures Circle The Next Junk Bond Fund Casualty, A Familiar Name Emerges





And so Wall Street has set its sights on the next junk bond fund casualty, a name which is well-known to most equity market participants: none other than Waddell and Reed (WDR), the fund which rose to infamy in the aftermath of the May 2010 Flash Crash, after it was initially blamed by the SEC as the culprit behind the Dow's 1000 point crash...

 
Tyler Durden's picture

It's "Red Or Black" For Those Still Foolish Enough To Play





There’s an old adage among veteran stock traders that goes something like his, “If I told you the news before it were made public – it’s still a 50/50 bet you would guess the market’s reaction correctly.” That was when the markets had some resemblance of normalcy. Today, normalcy has been replaced with sheer lunacy as to the speculation and interpretations for where these markets go from here.

 
Tyler Durden's picture

Nomi Prins: Crony Capitalism & Corruption - An Entirely Rigged Political-Financial System





The notion of free markets, mechanisms where buyers and sellers can meet to exchange securities or various kinds of goods, in which each participant has access to the same information, is a fallacy. Transparency in trading across global financial markets is a fallacy. Not only are markets rigged by, and for, the biggest players, so is the entire political-financial system.

 
smartknowledgeu's picture

The Problem With Education Today, by JS Kim





The institutional academic system is broken. We need less systemic, traditional education that only provides knowledge of low utility and more alternative education that provides the right high-utility knowledge to thrive during today's global currency wars.

 
Tyler Durden's picture

New Poll Shows 60% Of Americans Think Hillary Clinton Is Untrustworthy & Dishonest





The real interesting part of the latest Quinnipiac University National Poll, is not the fact that 60% of Americans think Hillary Clinton is dishonest, but that 40% of Americans don’t.

 
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