MKT

6 ms·

1.
by MKT 15y ago
If you don't pay bonuses, do you give a managing director at a bank a 1 million dollar salary independent of performance? How is that a good thing? And if you tried to pay her very little, the bank would just turn itself into a shadow bank
2.
by MKT 15y ago
Let's not forget that you could major in STEM and take plenty of liberal arts courses. For example, I was an engineering major and still took English I and English II, as well as Japan Before 1600, History of the Labor Movement, African
3.
Four Horsemen of Financial Apocalipse(nytimes.com)
1 points by MKT 15y ago|0 comments
4.
by MKT 15y ago
Chicago
5.
by MKT 15y ago
RIP. Every time I type printf, I honor you, my friend
6.
by MKT 15y ago
if facebook manages to earn 100 present value dollars per user per lifetime of their facebook usage on a user base of 600 million, they should be worth 60 billion. It does not seem outrageous at all. Using their average profit per user o
7.
by MKT 15y ago
be careful about the idea of clamping down on legal tax-paying businesses based on how much "social value" they are producing. It is very hard to judge that and it is subjective. One could argue,I am not arguing it but one could, that lot
8.
by MKT 15y ago
yes but if there is an obligation, you could end up with less total liquidity because if you oblige traders to trade when it is a losing proposition to do so, you will get less traders and less liquidity all the time, including volatile tim
9.
by MKT 15y ago
that would reduce liquidity drastically. Think about this. Suppose all the quotes show up once a second: if the values of the assets in question are momentarily mispriced relative to some other assets somewhere in the world, HFT algorith
10.
by MKT 15y ago
trading activity is information because it is real people putting real money at risk and expressing their views of what the assets are worth. As in any competitive market, HFT traders cannot make money if they only trade with themselves -
11.
by MKT 15y ago
yes because spreads were wider and stock trading was routed to specialists on NYSE who could "jump the queue" and peek ahead at who they wanted or did not want to trade with. Also stock commissions were a lot higher in those days. Also, i
12.
by MKT 15y ago
And why do you think reducing frequency of all trades to 1 second would eliminate HFT ? the term high frequency would simply mean 1 second. But what it would do is drastically reduce liquidity in the market place, which would hurt small i
13.
by MKT 15y ago
and what's wrong with that? Or rather, would you ban that too?
14.
by MKT 15y ago
everyone can purchase fast access. If a brokerage or a bank wanted to do it, they certainly could. It's like saying that Kinko's has an unfair advantage at making copies because it bought expensive copiers and regular folks have not.