Holy crap ... pure evil

Post #310,957 by drook 7/14/09 2:41:54 PM Reply	Holy crap ... pure evil http://www.themistra...reet_12-17-08.pdf Exec summary: Superfast servers located right in the exchanges give brokers insight into what price institutional investors are willing to buy or sell, then buy or sell a penny above/below that price and pocket the difference. Or, just buy/sell at the exact same price and the exchange gives them a half-cent per share commission for generating trade data. Trade data that they then sell to Bloomberg for the institutional investors. Found in a link from here: http://www.frontline...pdf/mwo071009.pdf -- Drew
Post #310,959 by Another Scott 7/14/09 2:58:54 PM Reply	There are lots of ways to play games. Especially when the broker is trading for the firm. E.g. http://www.investope.../mmakertricks.asp I saw something similar a few weeks ago, about one of the big Wall Street firms taking orders from clients and always trading for the firm before the client, but I can't find it at the moment. Cheers, Scott.
Post #310,960 by boxley 7/14/09 2:59:42 PM Reply	Re: Holy crap ... pure evil^h^h^h^h genius wave rolling stocks by the microsecond, I like it, in the old days store and forward of race results to the bookies allowing last minute sure thing bets. thanx, bill
Post #310,962 by drook 7/14/09 3:23:11 PM Reply	Didn't say it was stupid ... yeah, pure evil genius And I like your analogy. Captures the mentality pretty well. Except that all this is legal. -- Drew

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