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HomeWall Street & ML Baseball: A Common Thread
Posted by Larry Doyle on September 4th, 2013 10:07 AM |
With the five year anniversary of the demise of Lehman Brothers right around the corner, a financial reporter from a major news outlet reached out to me yesterday to get my take on the current situation on Wall Street.
He was interested in touching upon the current culture within the industry and what has changed.
We had a fair bit to discuss and I was not bashful. (more…)
Newedge Market Manipulation: Joe Saluzzi Exposed This Years Ago
Posted by Larry Doyle on July 11th, 2013 7:51 AM |
I awake this morning and see a headline of a lead story on The Wall Street Journal jump out at me.
Brokerage Faces Record Fine
My interest is piqued. What might it be? I quickly peruse the commentary and see words and phrases used that should concern any investor and/or trader including: manipulate U.S. markets . . . risks to the financial system . . . damage investor confidence . . . considerable systemic risk to the marketplace.
I then read of a new word for front-running, that is, “spoofing” and how traders utilized wash trades,”in which a firm acts as buyer and seller in the same trade to distort market activity. The practice can create the illusion of heavy trading volume that lures firms that are tracking for such activity.” (more…)
