Monthly Archives: May 2014

Mob behaviour at TD and other broker/dealers

For anyone who has not yet read Michael Lewis’s new book, “Flash Boys”, I recommend that you do. Over the past few years, a dirty little secret of many broker/dealers has been their selling of their client order executions to … Continue reading

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Punk Economics: Lessons [not learned] from the 2008 crisis

Punk Economics – Lessons from the Banking Crisis. Here is a direct video link. “Guarding against the unthinkable is more necessary than ever in a world home to over $700 trillion in derivatives (including $75 trillion housed at a single … Continue reading

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Publicly embarassed: NY AG finally probing exchanges, HFT and dark pools

They have known about all of these outrageous, flagrant, abusive practices since at least 2009, but it took public anger prompted by Lewis’s “Flash Boys” to finally prod some action from prosecutors. See: NY AG eyes exchanges in High Frequency … Continue reading

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