High speed trading Concepts

A Fine Mess

by T. R. Reid · 13 Mar 2017 · 363pp · 92,422 words

, the tax rate for this kind of levy can be tiny—$1 on a million-dollar trade. Because of Wall Street’s current obsession with high-speed trading—buying securities, selling securities, swapping securities, all in a few millionths of a second—this tax can add up to significant revenue while adding an

The Permanent Portfolio

by Craig Rowland and J. M. Lawson · 27 Aug 2012

are largely all trading against each other. Each has access to the same information, the same real-time news, the same hot tips, the same high speed trading systems, and so on. Yet, in every trade one party has decided to buy a stock and one has decided to sell that same stock

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of Financial Economics 32 (1992): 23–43. 4. Bob Pisani. Man Vs. Machine: Pros and Cons of High-Speed Trading. CNBC, September 13, 2011, www.cnbc.com/id/39041598/Man_Vs_Machine_Pros_and_Cons_of_High_Speed_Trading. Chapter 7 Bonds Bonds for Safety and Income During periods of prosperity when the economy is healthy

The Quiet Coup: Neoliberalism and the Looting of America

by Mehrsa Baradaran · 7 May 2024 · 470pp · 158,007 words

and sinews of the economy, the supply chain of which we were but just one consuming node. While money and viruses travel the globe through high-speed trading networks, so too do ideas, videos, dances, songs, and protests, stretching our moral imagination and empathy. It is almost as if the virus had to

The Reckoning: Financial Accountability and the Rise and Fall of Nations

by Jacob Soll · 28 Apr 2014 · 382pp · 105,166 words

of technology has made the task of accountability even more daunting, as regulators and even auditors come up against labyrinthine big numbers and financial logarithms, high-speed trading, and complex financial products such as bundled mortgages. As governments struggle with the paradox of the power and frailty of the Big Four accounting firms

Makers and Takers: The Rise of Finance and the Fall of American Business

by Rana Foroohar · 16 May 2016 · 515pp · 132,295 words

is behind the shifts in our retirement system and tax code that have given banks ever more money to play with, and the rise of high-speed trading that has allowed more and more risk and leverage in the system to serve up huge profits to a privileged few. It is behind the

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a transaction that would allow the newly formed company to offer pretty much every financial service ever invented, from credit cards to corporate IPO underwriting, high-speed trading to mortgages, investment advice to the sale of any complex security you could imagine, in 160-plus countries, twenty-four hours a day. As with

Profiting Without Producing: How Finance Exploits Us All

by Costas Lapavitsas · 14 Aug 2013 · 554pp · 158,687 words

trader’ cast light on this danger, which has only become larger with the passage of time, including the use of rogue algorithms in computer-based high speed trading.24 Operational risk, consequently, has become a focal point of market-conforming regulation. The characteristic feature of Basel II introduced in 2004 but receiving a

Planet Ponzi

by Mitch Feierstein · 2 Feb 2012 · 393pp · 115,263 words

hundred million went missing? It’s astonishing how much money Wall Street handles – and how chaotic its control systems continue to be. 29 Javier Blas, ‘High-speed trading blamed for sugar rises,’ Financial Times, Feb. 8, 2011. 30 Peter Guest, ‘Volatility will go on in world’s largest cocoa supplier,’ CNBC News, April

The Tyranny of Merit: What’s Become of the Common Good?

by Michael J. Sandel · 9 Sep 2020 · 493pp · 98,982 words

hard to claim that speeding up such transactions from the blink of an eye to something even faster contributes anything of value to the economy. High-speed trading is not the only financial innovation of dubious economic value; credit default swaps that enable speculators to bet on future prices without investing in any

The Asylum: The Renegades Who Hijacked the World's Oil Market

by Leah McGrath Goodman · 15 Feb 2011 · 553pp · 168,111 words

basic financial instruments, like weather futures, it seemed unlikely it would be capable of troubleshooting advanced technology possibly being repurposed for the execution of illicit, high-speed trades. The trader accused of spilling the most blood in the new battlefield of financial warfare emerged not in the trading pits but in the unregulated

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live sports.” Vinnie Viola Still a trader, Viola runs a Madison Avenue market-making firm and is a well-known champion of the kind of high-speed trading blamed for the disastrous “flash crash” of May 2010, when the stock market inexplicably plummeted, bleeding hundreds of billions of dollars, before bouncing back in

Bullshit Jobs: A Theory

by David Graeber · 14 May 2018 · 385pp · 123,168 words

convince the public—and not just the public, but social theorists, too (I well remember this)—that with instruments such as collateralized debt obligations and high-speed trading algorithms so complex they could be understood only by astrophysicists, they had, like modern alchemists, learned ways to whisk value out of nothing by means