Samuel Cashiola

Institutional Speculators Disrupt Futures Markets: The Evidence Mounts

Donald:

You're still not addressing the issue of price integrity! In order for a price to reflect fair value, it must be able to be driven by both sides of the market (buyers and sellers) freely. If an investment bank goes long oil futures (buying them and sending their price higher) and another investor thinks the price is too high, they are absolutely free to express their dissenting opinion by shorting (and vice versa).