Traders at banks around the world have regularly worked together for "at least a decade" to move a key benchmark currency rate in ways that profit them and hurt their clients, Bloomberg reports, citing anonymous former traders.
Showing posts with label Trading. Show all posts
Showing posts with label Trading. Show all posts
Thursday, June 13, 2013
Traders Manipulated Currency Rates To Profit Off Clients
Traders at banks around the world have regularly worked together for "at least a decade" to move a key benchmark currency rate in ways that profit them and hurt their clients, Bloomberg reports, citing anonymous former traders.
Thursday, May 09, 2013
This Video Of One Half-Second Of High Frequency Trading Is Insane, Terrifying
You have no idea just how bonkers high-frequency trading is making the stock market until you actually see it in action.
A terrifying new video by the research firm Nanex offers just such an opportunity: It shows one half-second of trading in just one stock, boring old Johnson & Johnson, on May 2. The video slows down the trades so that the milliseconds -- thousandths of a second -- tick slowly by, and so that human eyes can comprehend what's happening.
A terrifying new video by the research firm Nanex offers just such an opportunity: It shows one half-second of trading in just one stock, boring old Johnson & Johnson, on May 2. The video slows down the trades so that the milliseconds -- thousandths of a second -- tick slowly by, and so that human eyes can comprehend what's happening.
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