Wow. Was not expecting to watch all of that. Pretty easy to listen to whilst at work instead of watching if you've got headphones. Would recommend. Amazing.
great show thanks for posting it....without unleashing the 'Conspiracy Theory' genie it does make me a little uneasy to hear those running the HFT system say they are not 'sure' about the control and QA systems that will prevent Wall St ripping us all off again...
Thanks Flysurfer, that is a great piece of journalism. HFT manipulates the markets with incredible ease but no government is prepared to take on the banks and financial markets to make it illegal. Hell, the governments probably develop their own HFT Algos.
sounds interesting but can't see I will ever click on anything that is 50mins,
summary ?
The biggest revelation of the documentary isn't HFT (for the past 10 years it's been algo trading), it's the special "code" certain companies have with the exchanges... ie it's rigged!
Imagine everyone is queueing up to buy a peach, every time somebody buys a peach the next costs more... this doco whistle blows that some people have a special bypass the queue code, guaranteeing them a benefit.
It works in reverse too, every time you sell it goes down for the next...
Free market? There is no free market, it's a casino, and the odds are in favour of the house (and their true owners).
the big 4 international financial institutions maybe?
they got a finger in everyones pie
Select to expand quoteFlySurfer said..
...every time somebody buys a peach the next costs more...
...every time you sell it goes down for the next...
That's nonsense. Every time somebody sells a peach there's someone else buying it. So, did the price just go up for the next one? or down?
That's supply and demand. It's not buy a peach and the price goes up and sell a peach the price goes down ya doofus. :)
Select to expand quoteNotWal said..
That's supply and demand. It's not buy a peach and the price goes up and sell a peach the price goes down ya doofus. :)
It was inferred... what else would cause it?
^ Sure. But if you had no system whatsoever patterns of order eventually create themselves. Whether that be the strongest in the group taking power, or the smartest, or both, or even a larger collection of the weakest and/or dumbest taking power.
Some form of order will always come out of chaos/power vacuum.
Someone or something will always be in power. Do you want that to be an elected government, a King, an army, a corporation... what?
Select to expand quoteevlPanda said..
^ Sure. But if you had no system whatsoever patterns of order eventually create themselves. Whether that be the strongest in the group taking power, or the smartest, or both, or even a larger collection of the weakest and/or dumbest taking power.
Some form of order will always come out of chaos/power vacuum.
Someone or something will always be in power. Do you want that to be an elected government, a King, an army, a corporation... what?
"Dictator" red tape will disappear(as well as people)things will get done, look at Dubai what they have built there would have never got done here
Select to expand quoteCambodge said..FlySurfer said..
...every time somebody buys a peach the next costs more...
...every time you sell it goes down for the next...
That's nonsense. Every time somebody sells a peach there's someone else buying it. So, did the price just go up for the next one? or down?
Peaches come in a can, they were put there by a man...
Everyone knows that.
