Like Cancer, HFT Finds A New Host Daily

Gerald Celente Loses His Gold In MF Global Collapse

What Is Considered Enough Money? Just A Little Bit More

The High Frequency Traders were making an impact today.  All through the day traders were being caught off guard as the computers managed to trick many.  During the day we witnessed 7 distinct spikes which exceeded 650 stocks, signaling a massive and simultaneous blast of quotes.  Here is a recap of what HFT Alert Pro captured...

Pipeline Financial Group Systematically Abused Customers By Front-Running Their Orders

FLOORED

Floored is a documentary movie about the Chicago futures trading pits. This is a brilliantly done documentary that focuses on the lives of traders who go in daily to do battle on the trading floor, risking their personal wealth, making or losing ten's of thousands of dollars a day. This documentary provides a fascinating insight into trading, traders, and the futures markets. It also gives a background on what futures contracts are, and how they came about, and of course, how people make money buying and selling at the exchange. Of course it also looks closely at the shift from "open outcry" (the trading pits), to electronic, computer trading, and computer driven trading (e.g. algorithmic/quant trading, which almost takes the human element entirely out of it). Indeed, these days most markets are electronic. This is truly a must watch video for anyone with an interest in trading, or anyone who wants to know more about what goes on in the trading pits.

SEBI Probes Muhurat Trading Mishap On BSE

From Business Standard (emphasis added by CC):

The Securities and Exchange Board of India (Sebi) has initiated a probe into the annulment of derivatives trades on the Bombay Stock Exchange (BSE) on the day of Muhurat trading.

The market regulator has asked for the details of the trades, and has initiated investigations into factors that led to unusually high volumes. “Trade annulment is a serious issue,” a senior Sebi official noted. “This is the first time an entire session has been cancelled in so many years. We are looking into it.”

The regulator is also likely to look into deficiencies, if any, in the process of approvals and risk management systems, followed by the exchanges for such algorithmic trades, officials said.