Gone in .50 Seconds September 13, 2009
Posted by shawngandhi in Finance.Tags: Finance, Flash Orders, HFT, High Frequency Trading
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For better or worse, as of Sept 1, Nasdaq OMX and BATS ECNs are no longer using flash orders. The move was provoked by New York Senator Charles Schumer’s letter to the SEC demanding a ban on the practice. Although SEC chairman Mary Schapiro’s request for a ban is still under consideration at the SEC, it seems the media attention around the issue was reason enough to trigger the exchanges’ mutual agreement to stop using flash orders.
What’s a flash order? (more…)
Topical Finance on a Whiteboard July 6, 2009
Posted by shawngandhi in Finance.Tags: Finance
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From Naked Short Selling to Dark Pools to Writedowns, Paddy Hirsch has got you covered.
I’ve come across an excellent 2 minute video collection that’s great for anyone looking for a quick, lucid, and visual understanding of topics in today’s economy. He’s a Sr. Editor at Marketplace.org and possible alcoholic, but can stand in front of a white board and give you a quick run down of some of the interesting things happening in finance.
Check out the topics.
Gotham Canuck 