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Computers On Wall Street Are Buying And Selling To Themselves!

Computers On Wall Street Are Buying And Selling To Themselves!

"To hold a pen is to be at war." – Voltaire

Posted on June 26, 2012

As if we needed another story to further solidify the running joke that has become the U.S. stock market. In this article from Bloomberg we find out that:

High-frequency trading firms are drawing scrutiny from U.S. regulators seeking evidence that they may be distorting market prices by conducting transactions with themselves, said two people with knowledge of the matter.

But fear not America, the SEC is on the case!

The Securities and Exchange Commission and Commodity Futures Trading Commission have sharpened their focus on high- frequency and algorithmic trading since May 6, 2010, when about $862 billion was erased from stock values in 20 minutes before share prices recovered from the plunge.

More:
http://libertyblitzkrieg.com/2012/06/26/computers-on-wall-st...