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The WSJ shines a light on the high-speed traders who receive access to various non-government...

The WSJ shines a light on the high-speed traders who receive access to various non-government economic reports two seconds before everybody else, allowing them to make tens of millions of dollars through algorithmic trading. When a recent University of Michigan consumer report came in below expectations, for example, various firms bet nearly 7M shares that stocks would decline, which they did. And it's all perfectly legal.
Comments (3)
  • justaminute
    , contributor
    Comments (752) | Send Message
     
    Really?
    13 Jun 2013, 04:07 AM Reply Like
  • nemonemo
    , contributor
    Comments (323) | Send Message
     
    In the land of Obama, everything is legal. Illegal criminal are also citizens.
    13 Jun 2013, 04:39 AM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    Obama's IRS
    Obama's DOJ
    Obama's NSA
    Obama's SEC
    Obama's Drone War

     

    Nixon looks better and better
    13 Jun 2013, 09:17 AM Reply Like
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