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Thread: Gaming Financial Markets

  1. #1
    jack_christie's Avatar
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    Gaming Financial Markets

    Fast money: the battle against the high frequency traders
    A 'flash crash' can knock a trillion dollars off the stock market in minutes as elite traders fleece the little guys. So why aren't the regulators stepping in? We talk to the legendary lawyer preparing for an epic showdown
    http://www.theguardian.com/business/...quency-trading

    The People vs. Big Finance
    http://www.nanex.net/aqck2/4649.html

    Lawsuit - Lanier V Exchanges.pdf
    http://www.nanex.net/aqck2/4649/LanierVExchanges.pdf

    Research
    http://www.nanex.net/FlashCrash/OngoingResearch.html

    http://www.nanex.net/NxPress/
    Last edited by jack_christie; June 9th, 2014 at 9:21 PM.
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  2. #2
    LeVeL's Avatar
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    The more I learn about the stock markets, the more I realize that there are only two ways to win: you either get lucky or you cheat. It's a dirty, filthy, dishonest, dishonorable game.

    The regulators are simply laughable. As an example, consider the fact that Harry Markopolos went to the SEC several times about Bernie Madoff with heaps of red flags and irrefutable evidence and the "regulators" couldn't give two shits. It took Madoff confessing to his sons that he was on the verge of bankruptcy and them going to the FBI for the scam to finally end. For all intents and purposes, there is no damn regulation.
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    jack_christie's Avatar
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    Quote Originally Posted by LeVeL View Post
    The more I learn about the stock markets, the more I realize that there are only two ways to win: you either get lucky or you cheat. It's a dirty, filthy, dishonest, dishonorable game.

    The regulators are simply laughable. As an example, consider the fact that Harry Markopolos went to the SEC several times about Bernie Madoff with heaps of red flags and irrefutable evidence and the "regulators" couldn't give two shits. It took Madoff confessing to his sons that he was on the verge of bankruptcy and them going to the FBI for the scam to finally end. For all intents and purposes, there is no damn regulation.
    Its bloody crazy thats for sure.

    Another take on HFT
    http://softwaretrading.co.uk/2013/02...of-dark-pools/
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    Politically Charged Firecat's Avatar
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    I've been reading "Flash Boys"....really good book so far

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