Tag Archives: Goldman Sachs

A Novel Approach to High Frequency Trading

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Interesting…

HFT has proven to be singularly destructive. Despite the claims of it defenders, it does not increase market liquidity; it merely increases trading volumes without improving ease of execution. 60% of US stock market trading volume comes from HFT. HFT has undermined how markets operate. Institutional investors have diverted some of their trades to “dark pools” to escape the pred Retail traders have become increasingly distrustful of equity markets, thanks to HFT-related debacles like the flash crash and Kraft’s first trading day at NASDAQ, when its initial trades had to be cancelled.

via It’s Time for a Tax to Kill High Frequency Trading « naked capitalism.

Fadebook? Hilarious.

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I would have never seen this coming. I’d previously believed Facebook would not be a good long-term hold, but I had no idea the IPO could come unraveled to such a degree. It’s quite a confidence-shaker, don’t you think?

Facebook’s founder, Mark Zuckerberg, has gone from hero to zero as the stockmarket flotation of the decade flounders amid lawsuits and accusations of greed, hype and deception.

via Facebook founder Mark Zuckerberg sees stock tumble amid IPO lawsuits | Technology | The Guardian.

“To Serve Man”

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Hey everybody! There’s still some Kool-Aid in the punch bowl!

I mean, they’re backed by Goldman Sachs. What could go wrong? It’s not like they’ve ever deceived their own clients. Oh, wait.

I remember when Groupon was getting ready to get bough by Google. But, their finance guy blabbed about it and Google pulled out within hours of learning about the leak.

Groupon raises $700 million in massive IPO | Reuters.

Musical Comedy

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I remember where I was when I first heard Greece was in deep doo doo (at a depth not seen since The Treaty of Versailles).

It was a Sunday. I was at the original DuPar’s at Third and Fairfax. I’d brought my NY Times. The front page said it all: Greece was behind with both his landlord and the repo man.

The Greek government faced possible collapse on Tuesday as ruling party lawmakers demanded Prime Minister George Papandreou resign for throwing the nation’s euro membership into jeopardy with a shock call for a referendum.

Ironically, the film Grease was the first Hollywood musical to make a profit in the ten years that preceded its release.

via WRAPUP 5-Greece risks meltdown after bailout vote bombshell | Reuters.

People Are Burning Alive on the Streets of Athens

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In 2008, a teenager was killed by Greek police and it lead to a riot that lasted longer than a week. Today, a middle-aged man died. Anarchist rumor has it that the trade unionist, Dimitris Kotsaridis, fell from the glass awnings over Syntagma Square and had a heart attack. The word inside the square was that he was fighting with the authorities. Just rumours, not fact. Nevertheless, that’s what we were hearing, true or not. Either way, rumor is spreading and anger will probably follow.

via People Are Burning Alive on the Streets of Athens | VICE.