Shah sat in on Fox Business’ “Varney and Co.” on Tuesday to mull over the market’s biggest stories. Shah looks past the headlines and offers a word of caution.
Most people who are just “in the market” don’t understand high-frequency trading and dark pools. And that’s OK.
However, as I’ve been writing about over the past couple of years, apparently that unknowledgeable also includes people whose job it is to understand these things, including institutional money managers, brokers, investors and apparently most regulators… though I don’t buy their ignorance one bit.
My knowledge of high-frequency trading (HFT) and dark pools dates back to the late 1990s, when I was trying to figure out how to get better executions on the large trades my hedge fund was generating. I consider myself as a bit of an expert, and I got to show that off a little last week on the radio.
So, for all of you who want to know a bit more about what’s going on in the shadows, I’m going to get a little technical on you and share some of that expertise.
This won’t be boring – I can promise you that.
A lightbulb will go on inside your brains, and you’ll understand what’s really going on and how dark pools and HFT – which the Securities Exchange Commission and other regulators allow to happen – undermine markets.
Now, I’m going to flip the switch and turn that lightbulb on …
- Fight Club: Shah battles “Dark Pools” apologist on NPR today
- Dark Pools Pervade Wall Street
- 3 D.C. Scandals Converge to Set New Standards for Outrageousness
- You Say You Want A Revolution?
- Congress Makes a Clean Sweep of Corruption – Under the Rug
- Beware: Russian Worm Burrows Into Our Mobile Banking
- Will This Be a “Cruel” Summer for Stocks?
- Obamination: This One-Act Tragedy Is Nothing But a Bill of Goods