Linkfest: HFT brouhaha; Pimco’s new guard; Tough March for some
Categories: Linkfest
Today’s most shared:
- High frequency brouhaha gains steam as FBI investigates, trading wizards defend practices.
- Pimco’s Balls profiled.
- Hedge fund pity party as favorite trades unravel in March.
- Yellen courts Main Street with speech about troubles of unemployed, but cited as examples jobseekers with checkered histories.
- Tuning out financial TV.
- You probably don’t work as hard as you think.
- Economists are terrible at April Fools.
Speed Traders Play Defense to Michael Lewis’s
Bloomberg Businessweek
The author’s 60 Minutes interview on Sunday highlighted the book’s unequivocal attack on high-frequency trading
shared by @JacobWolinsky, @JoeSaluzzi, @ThemisSal, @JohnLothian
Bloomberg Businessweek
The author’s 60 Minutes interview on Sunday highlighted the book’s unequivocal attack on high-frequency trading
shared by @JacobWolinsky, @JoeSaluzzi, @ThemisSal, @JohnLothian
FBI joins SEC in computer trading probe
Financial Times
The FBI has joined securities regulators to tackle the potential threat of market manipulation posed by sophisticated computer trading strategies that have taken markets beyond the scope of traditional policing.
shared by @LaurenLaCapra, Huffington Post, @Ian_Fraser, @matt_levine
Financial Times
The FBI has joined securities regulators to tackle the potential threat of market manipulation posed by sophisticated computer trading strategies that have taken markets beyond the scope of traditional policing.
shared by @LaurenLaCapra, Huffington Post, @Ian_Fraser, @matt_levine
Fault Runs Deep in Ultrafast Trading
New York Times
A new book points out problems with high-frequency trading, but the fault lies with the markets themselves.
shared by @MattGoldstein26, Naked Capitalism, Crossing Wall Street
New York Times
A new book points out problems with high-frequency trading, but the fault lies with the markets themselves.
shared by @MattGoldstein26, Naked Capitalism, Crossing Wall Street
Michael Lewis’s flawed new book
Reuters
My tentative verdict on "Flash Boys" (Iâll write something longer once I’ve finished the book) is that it misses the big problem with HFT, in the service of pushing a false narrative that it’s bad for the little guy.
shared by @HamzeiAnalytics, Naked Capitalism, @KidDynamiteBlog
Scrutiny for Wall Street’s Warp Speed
New York Times
Critics argue that Michael Lewis’s new book on high-speed trading broke no new ground. But few wanted to miss out on the conversation.
shared by @anatadmati, @JeffMacke, @JoeSaluzzi, @JohnLothian
New York Times
Critics argue that Michael Lewis’s new book on high-speed trading broke no new ground. But few wanted to miss out on the conversation.
shared by @anatadmati, @JeffMacke, @JoeSaluzzi, @JohnLothian
The depressing truth behind Michael Lewis’ Flash Boys: Even the world’s top investors don’t understand today’s markets
Quartz
The ideas aren’t new. Unsavory elements of high-speed computerized trading have been a concern since at least May 2010, when the so-called "flash crash" struck US exchanges. (Die-hard market geeks were concerned long before that.) But Mich…
shared by @MissTrade, Huffington Post, @Ian_Fraser, @TimOBrien
Quartz
The ideas aren’t new. Unsavory elements of high-speed computerized trading have been a concern since at least May 2010, when the so-called "flash crash" struck US exchanges. (Die-hard market geeks were concerned long before that.) But Mich…
shared by @MissTrade, Huffington Post, @Ian_Fraser, @TimOBrien
Balls Rise at Pimco Shows Gross’s Push for Bond Returns
Bloomberg
The road Andrew Balls took from journalist to one of Bill Gross’s new top deputies — all by the age of 40 — went through Oxford and Harvard, with a stop at Stanley Fischer.
shared by @charlesforelle, @spignal, @johngapper, @peter_tl
Bloomberg
The road Andrew Balls took from journalist to one of Bill Gross’s new top deputies — all by the age of 40 — went through Oxford and Harvard, with a stop at Stanley Fischer.
shared by @charlesforelle, @spignal, @johngapper, @peter_tl
Yellen’s Real-Life Examples of Unemployed Omit Criminal Records
Bloomberg
In her first speech as Federal Reserve chair, Janet Yellen told the stories of three people who had trouble finding work to illustrate her concern about the unemployed — omitting the fact that two had criminal records that might have influenced employers’ decisions on whether to hire them.
shared by @firstadopter, @TheStalwart, @SaraEisen, @HamzeiAnalytics, @JacobWolinsky
Bloomberg
In her first speech as Federal Reserve chair, Janet Yellen told the stories of three people who had trouble finding work to illustrate her concern about the unemployed — omitting the fact that two had criminal records that might have influenced employers’ decisions on whether to hire them.
shared by @firstadopter, @TheStalwart, @SaraEisen, @HamzeiAnalytics, @JacobWolinsky
Hedge Fund Letters to Tell of Favorite Trades Unraveling
Bloomberg
Pity the poor folks who have to write letters to investors on behalf of equity-focused hedge funds this month.
shared by @TheStalwart, @GZuckerman, @JacobWolinsky, @ReformedBroker
Bloomberg
Pity the poor folks who have to write letters to investors on behalf of equity-focused hedge funds this month.
shared by @TheStalwart, @GZuckerman, @JacobWolinsky, @ReformedBroker
Tuning Out Financial Television
about.com
If you only knew what went on behind the scenes of most financial news shows you would never watch another one again.
shared by @finansakrobat, @bclund
about.com
If you only knew what went on behind the scenes of most financial news shows you would never watch another one again.
shared by @finansakrobat, @bclund
Think you work hard? Bet you don’t
Financial Times
Last week I filled in a form that asked me how many hours I worked every week. I stared at it blankly.
shared by Abnormal Returns, @MalcolmMoore, @EpicureanDeal
Financial Times
Last week I filled in a form that asked me how many hours I worked every week. I stared at it blankly.
shared by Abnormal Returns, @MalcolmMoore, @EpicureanDeal
Comparing apples with oranges
The Economist
For April 1, a fruity look at unrelated variables.
shared by @mark_dow, @ModeledBehavior, @crampell, @M_C_Klein, @BCAppelbaum
The Economist
For April 1, a fruity look at unrelated variables.
shared by @mark_dow, @ModeledBehavior, @crampell, @M_C_Klein, @BCAppelbaum
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