Still More Record Highs for the DOW and S&P

0 | By Wall Street Insights and Indictments Staff

Fourth of July fireworks came early this year, at least for the markets. The DOW hit its 12th record close of the year.

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.

Click here to read more and watch the interview.

How Wall Street Plays the Dark Pool Game

26 | By Shah Gilani

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 …