inbluevt | Date: Saturday, 2013/06/15, 1:32 AM | Message # 1 | DMCA |
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In the past few days people have finally started paying attention to a funny thing going on in the market.
Time after time ahead of major news, there seems to be someone who knows something before it happens — there seem to be trades that hit too hard and fast before the news is actually made.
This has been going on for a while, and people are finally starting to understand why.
The current target of collective ire is Thomson Reuters. There was some shady trading ahead of the Consumer Confidence number at the end of last month. About a quarter of a second before the number was released, there was an eruption of orders in the SPDR S&P Sector ETF (SPY), the e-Mini (electronically traded futures), and in hundreds of stocks, according to Nanex, a market research firm
Read more: http://www.businessinsider.com/latency-in-trading-2013-6#ixzz2WGQd8MRY
Message edited by inbluevt - Saturday, 2013/06/15, 1:33 AM |
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