ritholtz.com - 7/10/2009
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For the past several years Street operators have assumed that the computer jockeys who were being employed by proprietary trading departments on The Street were developing algorithms that would find other algorithms that represented buyside orders so prop desks could trade against ...
rollingstone.com - 7/4/2009
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rollingstone.com —
In Rolling Stone Issue 1082-83, Matt Taibbi takes
on "the Wall Street Bubble Mafia" investment bank Goldman...
Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy ...
(more)
The Great American Bubble Machine
zerohedge.blogspot.com - 7/5/2009
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zerohedge.blogspot.com —
Major developing story: Matt Goldstein over at Reuters
may have just broken a story that could spell...
doom for if not the entire Goldman Sachs program trading group, then at least those who deal with "low latency (microseconds) event-driven market data ...
(more)
Is A Case Of Quant Trading Sabotage About To Destroy ...
ftalphaville.ft.com - 7/13/2009
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ftalphaville.ft.com —
Finally… (H/T GP) Earlier on Monday the media
were fed an expurgated version of Meredith Whitney’s “buy”...
recommendation on Goldman Sachs — issued ahead of the investment bank’s Q2s on Tuesday. All we got was news that MWAG saw the stock as attractive ...
(more)
Blog Archive » Meredith on Goldman - ...
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Bear Mountain Bull —
… “High Frequency Trading” from Bill King via The Big Picture . Bill also delves into the other part of this extensive automated trading discussion, and that is the program sponsored by the NYSE for “Supplemental Liquidity Providers”: While the Street is percolating with anger and curiosity about ‘High Frequency Trading’ there is also frustration and astonishment that the media, regulators and our duly elected are not addressing what could be the biggest financial abuse story of our times, if not history. Though the blagoshpere(sic) is all over the ‘HFT’ trading story an ...
Sunday links: parasitic trading
Abnormal Returns —
... “Over the past decade the move to electronic trading and pricing in pennies was heralded by Street insiders as a means to improve liquidity for clients. This appears to be a deception. Virtually every facility benefitted proprietary trading at a select few firms. Who’s the patsy?” (Big Picture) ...
Related: for the past several years street operators have assumed that the computer jockeys who were being employed by proprietary trading departments
**FLASH** Goldman Code Theft BOMBSHELL?
market-ticker.denninger.net 7/8/2009 —
Something really ugly popped up on Daily Kos yesterday late in the afternoon.....
... GS, through access to the system as a result of their special gov't perks, was/is able to read the data on trades before it's committed , and place ...
Stop the Week, We Want to Get Off!
philstockworld.com 7/10/2009 — TGIF for sure, it seems like ending the week is the only way to stop the markets from dropping!
We failed to take back our weak bounce levels I laid out in yesterday’s morning post as the Dow failed to hold 8,250 on a very brief spike past it, the S&P failed right at 888 in the ...