What a clever gambit, done with the help of the markets themselves - the Nasdaq in particular - in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=234680&t=01007146184382914537
Learn more about it here:
http://ftalphaville.ft.com/blog/2009/07/24/63651/high-frequency-trading-in-europe/
No comments:
Post a Comment