Sal Arnuk | Sense on Cents

Posts Tagged ‘Sal Arnuk’

Here Come da Feds: New Trick to Manipulate Market

Posted by Larry Doyle on March 6th, 2013 7:20 AM |

I recently received a message from friends in the market apprising me of the newest “trick” being used by those who like to move/manipulate markets. What are the wizards up to?

Let’s get the inside scoop on what is really going on within our equity markets from our Sense on Cents Hall of Famers Joe Saluzzi and Sal Arnuk at Themis Trading. They recently sent out the following:

From Themis Trading: A new phenomenon is sweeping the equity market. It’s called the Fake Tweet Mini Flash Crash. (more…)

Tags: algorithmic trading, algos, alpha capture systems, fake tweet mini flash crash, FBI helping SEC, FBI Joins War Against Abuse of Fast Trading, FBI reviewing algorithms, financial engineering, front running and insider trading, front running on equity markets, Joe Saluzzi, manipulating markets, news aggregation, Sal Arnuk, sending tweets to manipulate stocks, Themis Trading, tweets mini flash crash, using Tweets to manipulate stocks
Posted in General, market manipulation, markets | 8 Comments »

Wall Street Regulation: Different Day, Same Dog$hit

Posted by Larry Doyle on October 3rd, 2012 9:05 AM |

Despite a wealth of political bluster that Wall Street has been reformed, we awake this morning to see that very little has really changed on this front. Financial regulatory reform? Not today, folks.

The simple fact is when it comes to Wall Street regulation, investors, consumers, and the American public at large are being fed the same helping of dog$hit.

We need look no further than a meeting held just yesterday of industry executives and securities regulators to see exactly this. (more…)

Tags: Dodd-Frank, Dodd-Frank financial regulatory reform, financial self-regulation, FINRA, FINRA meter maids, Joe Saluzzi, Market Complexity Cited in Snafus, Sal Arnuk, self-regulation on Wall Street, Themis Trading, Wall Street regulation, Wall Street regulatory reform
Posted in FINRA, General | 7 Comments »

Weekend Reading Re: Knight Capital and HFT

Posted by Larry Doyle on August 4th, 2012 7:09 AM |

Investors are constantly confronting the question whether it is safe to go in the water, that is, to commit capital and make an investment.

With so much concern already surrounding the structure of and practices within our equity exchanges, there was serious fuel added to these fires with the malfunction and accompanying meltdown at Knight Capital this week.

This story and situation deserve serious attention. To that end, when I want to know what goes on within the equity markets, I immediately go to the most reliable source. Who is that? Our resident Sense on Cents’ Hall of Famers Joe Saluzzi and Sal Arnuk at Themis Trading. What do these ‘men in the arena’ have to say about the Knight Capital debacle and the structure of the equity markets overall? (more…)

Tags: Arthur Levitt, broken markets, dangers within high frequency trading, hft, high frequency trading, is high frequency trading dangerous, Joe Saluzzi, Knight Capital debacle, Knight Capital malfunction, Knight capital meltdown, Knight Capital Tom Joyce, maker taker model, Sal Arnuk, SEC chair Arthur Levitt, structure of equity exchanges, the markets are broken, the markets are fundamentally broken, the markets are structurally broken, Themis Trading, what happened at Knight Capital, what is the maker taker model, will Knight Capital survive
Posted in General, high frequency trading | 17 Comments »

Sense on Cents 2011 Halls of Fame and Shame

Posted by Larry Doyle on January 1st, 2012 12:41 PM |

America wakes up this morning hopeful for a new year filled with peace and prosperity. Sense on Cents welcomes spreading our spirit of optimism.

Before we move forward, though, let’s take an accounting of 2011 and induct those most deserving into our Sense on Cents’ 2011 Halls of Fame and Shame.

Prior to our induction ceremony today, I am sure there are many in the crowd who may want to review our past award winners. On that note, I humbly submit:

Sense on Cents 2009 Halls of Fame and Shame

From the above Fame and Shame lists, I believe the top three in each Hall deserve special recognition. On that note, the medals go to the following: (more…)

Tags: Amar Bhide, Carson Block, Christine Acosta, Darcy Flynn, David Sokol, Donald Kohn, Donald Trump, Emily Lambert of Forbes, Frances Price, Gretchen Morgenson of The New York Times, hall of fame, hall of shame, Jalen Rose, Janus Funds, jeff Sessions, Jim Garvin, Joe Grano, Joe Sciddurlo, John Boehner, Jon Corzine, Jon Corzine MF Global, Jon Kyl, Larry Doyle, Laurence Meyer of Macroeconomic Advisors, Mary Meeker, Michael Grimm, Michael Lewitt of Harch Capital, Mike Mayo, Navy Seals who killed Obama, Oscar winner Charles Ferguson, Paul Ryan, Pete Peterson of the Peterson Foundation, political phonies, Raj Rajaratnam, Ray Dalio, Raymond James, Robert Auerbach, robo-signing, Rod Blagojevich, Rupert Murdoch, Sal Arnuk, Sense on Cents, Sense oN Cents 2011 Hall of Fame and Shame, student loan bubble, truth transparency and integrity, Walter Williams, Warren Buffet, William Cohan of Bloomberg
Posted in General | 4 Comments »

Jim Cramer: “The SEC Isn’t Watching the Store”

Posted by Larry Doyle on July 19th, 2011 5:34 AM |

I will readily admit I am not a big fan of CNBC’s Jim Cramer. Perhaps it is more Jim Cramer’s style than his substance but for whatever reasons, I very rarely watch his show or follow his work.

I will also readily admit I am a HUGE fan of Themis Trading’s Joe Saluzzi. Based upon both style and substance, Joe Saluzzi, his sidekick Sal Arnuk and the team at Themis Trading are all worthy of immediate elevation into the upper echelon of the Sense on Cents Hall of Fame.

While a huge fan of Joe, Sal and Themis, and less a fan of Cramer, how uncanny that I am here this morning touting all of them for promoting real ‘sense on cents’ in defining the true nature of our equity exchanges. (more…)

Tags: are the markets fair and protected, can the SEC protect investors, has Obama changed the SEC, HFT and equity exchanges, Jim Cramer, Jim Cramer comments on Arthur Levitt, Jim Cramer comments on SEC, Jim Cramer Mad Money, Jim Cramer's style, Joe Saluzzi Themis Trading, nature of equity exchanges, regulatory capture on Wall Street, Sal Arnuk, Sal Arnuk of Themis Trading, SEC and HFT, SEC and high frequency traders, SEC oversight of equity exchanges, SEC regulation of equity exchanges of, SEC under George Bush, the man in the arena Joe Saluzzi, The SEC isn't watching the store, who is Jim Cramer, who is Joe Saluzzi
Posted in General | No Comments »

Joe Saluzzi Exposes ‘Theft on Wall Street’

Posted by Larry Doyle on May 14th, 2010 9:17 AM |

Themis Trading’s Joe Saluzzi was designated a Sense on Cents Hall of Fame medalist this past January. Mr. Saluzzi has once again distinguished himself by providing a significant degree of transparency into the technical structures of our seriously flawed equity exchanges.

A recently released white paper, Exchanges and Data Feeds: Data Theft on Wall Street,written by Joe and his colleague Sal Arnuk at Themis Trading is getting a LOT of attention on Wall Street and in Washington. I welcome highlighting and bringing this 3-page paper to Main Street. If you have any interest in the markets and our economy, this paper is a MUST read. Allow me to whet your appetite: (more…)

Tags: BATS, BATS PITCH, co-location on BATS and Nasdaq, equity exchanges, Exchanges and Data Feeds: Date Theft on Wall Street, failure of financial regulation, front running on Wall Street, hft, high frequency trading, high frequency trading and liquidity, identity theft, Joe Saluzzi, Joe Saluzzi white paper May 11 2010, NASDAQ, Nasdaq Total View-ITCH, Sal Arnuk, Sense on Cents Hall of Fame, structure of equity exchanges, Themis Trading
Posted in Equity Markets, General, high frequency trading, Joe Saluzzi | 2 Comments »