Linkfest: Flash fight; Reminiscences of a Wall Street operator; Cash flows back to EM, ex China
Categories: Linkfest
Today’s most shared:
- “You want to do this? Let’s do this!” HFT debate rages.
- Billy Salomon turns 100, reminisces about bygone, more human days.
- China bypassed as emerging market flows return.
- Stock market closes at record as US vehicle sales highest since 2007.
- Don’t touch that minibar in Toronto.
What Michael Lewis Gets Wrong About High-Frequency Trading
Bloomberg Businessweek
Lewis’s Flash Boys overstates the power and profits of high-speed traders—who are outside disruptors, not exploiters of retail investors.
shared by Naked Capitalism, @morningmoneyben, @JohnLothian, Marginal Revolution
Bloomberg Businessweek
Lewis’s Flash Boys overstates the power and profits of high-speed traders—who are outside disruptors, not exploiters of retail investors.
shared by Naked Capitalism, @morningmoneyben, @JohnLothian, Marginal Revolution
The HFT debate
Reuters
Fixing the market will take a lot more than just the FBI coming in with a blunderbuss.
shared by @AlphaClone, Abnormal Returns, @ChrisAdamsMKTS, @EpicureanDeal, @mark_dow
Reuters
Fixing the market will take a lot more than just the FBI coming in with a blunderbuss.
shared by @AlphaClone, Abnormal Returns, @ChrisAdamsMKTS, @EpicureanDeal, @mark_dow
Katsuyama vs. O’Brien – who won the fight?
CNBC
It was the fight that stopped trading on the floor of the NYSE.
shared by @pkedrosky, @GZuckerman, Felix Salmon, @markgongloff, @NicTrades
CNBC
It was the fight that stopped trading on the floor of the NYSE.
shared by @pkedrosky, @GZuckerman, Felix Salmon, @markgongloff, @NicTrades
High-Frequency Traders Chase Currencies as Stock Volume Recedes
Bloomberg
Forget the equity market. For high-frequency traders, the place to be is foreign exchange.
shared by Here Is The City, @SaraEisen, @JohnLothian, @Ian_Fraser, @moorehn
Bloomberg
Forget the equity market. For high-frequency traders, the place to be is foreign exchange.
shared by Here Is The City, @SaraEisen, @JohnLothian, @Ian_Fraser, @moorehn
Virtu Said to Delay IPO Amid Furor Spurred by Michael Lewis Book
Bloomberg
Virtu Financial Inc., the high-frequency trader that announced plans last month to sell shares, will start marketing the offering weeks later than bankers anticipated, two people with knowledge of the matter said.
shared by @TheStalwart, @GZuckerman, @JohnLothian, NYT Dealbook, Abnormal Returns
Bloomberg
Virtu Financial Inc., the high-frequency trader that announced plans last month to sell shares, will start marketing the offering weeks later than bankers anticipated, two people with knowledge of the matter said.
shared by @TheStalwart, @GZuckerman, @JohnLothian, NYT Dealbook, Abnormal Returns
Billy Salomon Turns 100 as Flash Trades Replace Handshake
Bloomberg
When William “Billy” Salomon started on Wall Street more than 80 years ago at his family firm, trades were often closed with a gentleman’s clasp. Now, with computers completing transactions in microseconds, he says the industry is worse off.
shared by @LaurenLaCapra, @HamzeiAnalytics, Here Is The City
Bloomberg
When William “Billy” Salomon started on Wall Street more than 80 years ago at his family firm, trades were often closed with a gentleman’s clasp. Now, with computers completing transactions in microseconds, he says the industry is worse off.
shared by @LaurenLaCapra, @HamzeiAnalytics, Here Is The City
BRICs Casualty Seen in ETFs New Confidence Without China
Bloomberg
Investors flocking to exchange-traded funds to chase the longest emerging-market stock rally since January 2013 are bypassing China.
shared by @ReformedBroker, @FGoria, @JohnLothian, Crossing Wall Street, Reformed Broker
Bloomberg
Investors flocking to exchange-traded funds to chase the longest emerging-market stock rally since January 2013 are bypassing China.
shared by @ReformedBroker, @FGoria, @JohnLothian, Crossing Wall Street, Reformed Broker
Debt troubles within the Great Wall
Financial Times
Is China different? Or must its borrowing binge, like most others, end in tears? This is now a hotly debated topic.
shared by @TheStalwart, @M_C_Klein, @Noahpinion, @ObsoleteDogma, @peter_tl, @wonkmonk_
Financial Times
Is China different? Or must its borrowing binge, like most others, end in tears? This is now a hotly debated topic.
shared by @TheStalwart, @M_C_Klein, @Noahpinion, @ObsoleteDogma, @peter_tl, @wonkmonk_
Rigged US Stock Market Closes At Record High
The Reformed Broker
How do you like your irony? I like mine drizzled with chocolate syrup and topped with chopped nuts and whipped cream.
shared by Business Insider, @ritholtz, Abnormal Returns, @Noahpinion, @hblodget
The Reformed Broker
How do you like your irony? I like mine drizzled with chocolate syrup and topped with chopped nuts and whipped cream.
shared by Business Insider, @ritholtz, Abnormal Returns, @Noahpinion, @hblodget
U.S. Light Vehicle Sales increase to 16.4 million annual rate in March, Highest since 2007
Calculated Risk
shared by Business Insider, @TimOBrien, @calculatedrisk
Calculated Risk
shared by Business Insider, @TimOBrien, @calculatedrisk
The inexplicable prices in hotel minibars around the world
Quartz
$18.23. That’s how much a can of nuts costs, on average, in Toronto hotel minibars.
shared by @davidmwessel, @LaurenYoung, Marginal Revolution
Quartz
$18.23. That’s how much a can of nuts costs, on average, in Toronto hotel minibars.
shared by @davidmwessel, @LaurenYoung, Marginal Revolution
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