Posts Tagged ‘flash crash’
Posted by Larry Doyle on March 9th, 2012 8:58 AM |
“The problem here is, when the public becomes aware of the nature of the game, they may choose not to play. This is the problem not only for Goldman but for Wall Street as a whole if people choose not to play.”
I made that statement in the midst of an interview two years ago with CNBC’s Mark Haines (may he rest in eternal peace) about Goldman Sachs. (For those interested you can access that interview here. My comments about Goldman specifically and this topic begin around the 3 minute mark.)
What have trading volumes done on the NYSE over the last two years? (more…)
Tags: BATS, CNBC, derivatives volume, Euronext NYSE, European derivatives, flash crash, front running, Goldman Sachs, hft, high frequency trading, Larry Doyle, Larry Doyle speaks about Goldman Sachs, Mark Haines, MF Global, new york stock exchange, NYSE, NYSE Amex, NYSE Arca, NYSE Euronext, NYSE Volumes Cut in half in Three Years, nyxdata.com, people choose not to play, Securities Technology Monitor, trading volumes, what is behind decline in trading volumes, when principal is not protected, why are trading volumes down so much, why have trading volumes declined
Posted in General, Wall Street | 5 Comments »
Posted by Larry Doyle on November 20th, 2010 6:54 AM |
How are regular retail investors supposed to compete?
Why have investors been fleeing our markets in droves?
Well, if the financial earthquake of 2008 did not crush you then perhaps the “Flash Crash” of May 6th left you sufficiently unnerved. Were you able to weather both those upheavals? If so, I congratulate you for your discipline and perspicacity. I would also encourage you not to let your guard down. Why’s that?
The fact is the challenge in navigating our economic landscape is not only addressing the squalls and storms that we can observe on the horizon but also the insidious work of those who would betray the very integrity of our markets. Is this even possible? Let’s navigate. (more…)
Tags: Citadel Asset Management, corruption on Wall Street, FBI investigation, flash crash, Goldman Sachs, how do retail investors compete, illegal insider trading is rampant, insider trading probe on wall street, insider trading rings, is the market on the up and up, is Wall Street rigged, Janus Capital, John Kinnucan of Broadband research in Portland Oregon, john Kinnucan's e-mail message to clients, Larry Doyle, material nonpublic information, MFS Investment Management, Primary Global Research in Mountain View California, retail investors ability to compete, SAC Capital Advisors, Sense on Cents, U.S. in Vast Insider Trading Probe, Wall Street Journal November 20 2010, wearing a wire on Wall Street, Wellington Management, who is John Kinnucan, who is Phani Kumar Saripella, who is Preet Bharara
Posted in General, insider trading | 10 Comments »
Posted by Larry Doyle on May 26th, 2010 12:31 PM |
Confidence in the markets and the economy is ultimately a function of truth, transparency, and integrity.
The reason global investors have such little confidence currently is due to the very simple fact that both the financial industry and their government counterparts have not promoted practices which embrace these cherished principles.
That is not to say that each and every individual in the financial industry or in government does not try to promote these values. In fact, I believe the overwhelming majority of people on Wall Street and in the global markets do embrace these values, but they are not in a position to speak out when the principles are violated. I love it when I come across people who possess the courage and are unencumbered to speak out for the truth, transparency, and integrity our markets, our country, and our world so badly need. Like who? (more…)
Tags: BATS, Chi-Delta, Chi-X, dark pools in Europe, equity exchanges in America, Financial Times May 26 2010, flash crash, FT, hft, high frequency trading, Joe Saluzzi of Themis Trading, market transparency, MTFs on London Stock Exchange, NASDAQ, The Wall Street Journal, Trust in Dark Pools is Dented FT
Posted in Equity Markets, General, Joe Saluzzi | 1 Comment »
Posted by Larry Doyle on May 24th, 2010 10:25 AM |
Thanks to a loyal Sense on Cents reader for sharing amazing insights and perspectives from some of the best and brightest minds in the world of global finance today.
Like who? Harvard professor Kenneth Rogoff, unparalleled investor Jeremy Grantham, outspoken hedge fund manager Cliff Asness, SEC chair Mary Schapiro (ok, one exception), the extremely private but on Wall Street the extraordinarily highly regarded investor Baupost’s Seth Klarman, internationally renowned Eurasia’s Ian Bremmer, the distinguished Van Hoisington, and noted short seller Jim Chanos.
Their views were put forth at the recently completed CFA Institute annual conference in Boston. There is so much good material here that I beg readers to tag this post and refer to it often. Given the wealth of thoughtful opinion and analyses covering literally every angle of our global economic landscape, one would be hard pressed to digest and process this in one reading. Do yourself the favor, though, and revisit. The wisdom provided here is precious and not commonly found. (more…)
Tags: 2 and 20 model, CFA Institute conference, Chinese risks, Cliff Asness views from CFA Institute conference, costs of moral hazards, Dan Fuss views at CFA Institute conference, deflation given capacity utilization, ethical deterioration in finance, flash crash, global deleveraging, gold, Grantham Mayo, Ian Bremmer views at CFA Institute conference, inflation vs disinflation vs deflation, is Obama a socialist, jason Zweig interview with Seth Klarman, Jeremy Grantham views at CFA Institute conference, Jim Chanos views at CFA Institute conference, John Malvey views at CFA Institute conference, M1 vs M2, MAry Schapiro views from CFA Institute conference, money multiplier, more lawsuits on Wall Street, North Korea risk, Obama, outlook for China, Professor Kenneth Rogoff at CFA Institute conference, public debt vs private debt, rate of unemployment, risks in Iran, Sense on Cents, Seth Klarman of Baupost views at CFA Institute conference, shock and awe in Greece, threats between China and India, Twinkie Market, US vs Japan, Van Hoisington views at CFA Institute conference, velocity of money, when will Fed tighten, who is Seth Klarman
Posted in General | 6 Comments »
Posted by Larry Doyle on May 22nd, 2010 10:00 AM |
UPDATE: This episode of NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode in its entirety by clicking the play button on the audio player provided below. Once the audio begins, you can advance or rewind to any portion of the episode by clicking at any point along the play bar.
What really happened in the markets on Thursday May 6th? Can regulators truly address the underlying issues that caused the ‘flash crash’ or are our equity exchanges fundamentally and structurally broken?
How can you protect yourself in the face of such unbelievable volatility? Who benefits and who loses in the face of this volatility?
Will circuit breakers proposed by regulators work? Will we witness more days like May 6th?
If you have any interest in our markets and our economy, you will not want to miss my show this Sunday evening from 8-9pm ET as No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Back Joe Saluzzi. >>>> (more…)
Tags: algorithmic trading, are the equity exchanges structurally broken, BATS, circuit breakers, flash crash, high frequency trading, Joe Saluzzi of Themis Trading, market volatility, NASDAQ, No Quarter Radio Sense on Cents with Larry Doyle, NYSE Euronext, what really happened on May 6th, will May 6th happen again
Posted in General, No Quarter Radio, Sense on Cents | 2 Comments »
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