|
 |
||
|
 |
|
|
||
WilliamHDonaldson @ sec.gov
| Description | : | Common Sense Collapsed at high-frequence.
"Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed. High-frequency trading is one answer... “This is where all the money is getting made,” said William H. Donaldson, former chairman and chief executive of the NYSE.. High-frequency traders often confound other investors by issuing and then canceling orders almost simultaneously. Loopholes in market rules give high-speed investors an early glance at how others are trading... In less than half a second, high-frequency traders gained a valuable insight: the hunger for Broadcom was growing. Their computers began buying up Broadcom shares and then reselling them to the slower investors at higher prices... The result is that the slower-moving investors paid $1.4 million for about 56,000 shares, or $7,800 more than if they had been able to move as quickly as the high-frequency traders. Multiply such trades across thousands of stocks a day, and the profits are substantial. High-frequency traders generated about $21 billion in profits last year, the Tabb Group, a research firm, estimates", http://www.nytimes.com/2009/07/24/business/24trading.html GOTO Team-Work GOTO LeanBrainManagement GOTO ÜberwachungBesserAlsLogischDenken GOTO Fiktions-Wirtschaft GOTO ComputerAidedWealth GOTO DasSchweigenDerLämmer GOTO Richtungsentscheidend GOTO Schwellenwert-Reichtums-Automatismus GOTO AutomatischeUnvernunft |
||||
|
|||||
|
| Powered by Gallery v1.4.4 | RSS |