Re: U.S. Seeks to Shield Goldman Secrets
Mike Findlay <[email protected]>
| Newsgroups | gmane.music.dadl.ot |
|---|---|
| Message-ID | <[email protected]> |
House still wins. Mike F. ----- Original Message ---- From: Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]> To: DADL (off topic) <[email protected]> Sent: Wed, October 27, 2010 10:13:59 PM Subject: Re: [DADL-OT] U.S. Seeks to Shield Goldman Secrets On Oct 27, 2010, at 9:19 PM, Lance McLain wrote: > The arrest of the Goldman programmer helped put high-frequency trading into the >spotlight last year. The strategy, in which powerful computers buy and sell >securities at ultrafast speeds, has proved lucrative for many traders. > > The indictment said Goldman's high-frequency trading operation generated "many >millions of dollars in profits per year." > > The strategy also has come under heightened scrutiny amid concerns that some >high-frequency traders were gaining unfair advantages in the market. The >Securities and Exchange Commission has launched an in-depth study of issues >surrounding high-speed trading and is considering several proposals to monitor >it. This is how Goldman has had entire quarters without a single day of trading losses. That is statistically impossible if this market were fair. They have faster co-located computers, API's directly into the exchanges trading systems, insider information as market makers and an SEC that looks the other way at their quote-stuffing and front running computers. The latest estimates are that 70% of all trades on the NYSE are held for less than 11 seconds! Don't buy stocks. Go to vegas. Your odds are better. regards, -Lance --dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot -- dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot