Investing in precious metals 101

Tag Archives: high frequency trading

  • Blog

    Sympathy For The Devil?

    Trouble in paradise for the bankers
    by Adam Taggart

    Friday, May 5, 2017, 7:32 PM

    32

    We're at the point where those at the apex of power are becoming increasingly desperate to maintain their unfair advantage.

    And as the economic pie refuses to grow due to the twin overload of too much debt and declining net energy, these apex predators will turn on each other — first to maintain their spoils, and then simply to survive.

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  • Podcast
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    Ask the Adviser: Bob Fitzwilson

    Your investing questions answered
    by Adam Taggart

    Saturday, August 18, 2012, 4:15 AM

    28

    This week, we're trying something new in our regular podcast series. Chris talks with Bob Fitzwilson, founder of one of the financial advisory firms that we endorse.

    Last week we invited Peak Prosperity readers to submit their top questions about money and investing. You didn't disappoint.

    In the podcast below, Chris puts your questions to Bob. We think you'll be pleased with the results.

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  • Blog
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    What to Do When Every Market Is Manipulated

    Hint: cut the strings
    by Chris Martenson

    Wednesday, August 15, 2012, 2:34 PM

    4

    If you don't know who the sucker at the card table, is it's you.

    ~ old gambler's saying

    What do the following have in common?

    LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money?

    The answer is that every single thing in that list is an example of market rigging, fraud, or both.

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  • Podcast

    Joe Saluzzi: HFT Parasites are Killing the Market Host

    Our exchanges are infested
    by Adam Taggart

    Monday, July 2, 2012, 4:05 PM

    5

    Joe Saluzzi, expert on algorithmic trading — also known as high-frequency trading, or HFT — returns as a guest this week to explain how the players behind this machine-driven process act as parasites that are destroying our financial markets (and, increasingly, even themselves).

    Since Joe first spoke with us last year, HFT firms have only increased in size and share of market activity. Here are some staggering statistics on how influential they have become:

    • HTFs make up between 50-70% of the volume seen across market exchanges today.
    • 2% of the traders on many exchanges (HFTs, specifically) represent 80% of the volume.
    • A single large HFT firm (referred to as a Direct Market Maker) can account for 10%+ of a market's volume on a given day
    • Large HFT firms make between $8 to $21 billion a year.
    • HFT trades occur in milliseconds (i.e., a small fraction of the time it takes your eye to blink).

    With such scale, speed, and profitability, HFTs have turned the market away from being an efficient price-setting mechanism and perverted it into a casino where the clientele of human investors gets fleeced.

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  • Blog

    Joe Saluzzi on High-Frequency Trading: The Equity Market Is Now Controlled By The Machines

    by Adam Taggart

    Saturday, February 5, 2011, 12:00 AM

    0

    Joe Saluzzi, co-founder of Themis Trading LLC and outspoken exchange expert, is concerned with how high-frequency trading has brought the capital markets into uncharted – and dangerous – territory.

    “Things have changed,” he cautions. With 50-70% of all trades being conducted by algorithms at micro-second time intervals, real human traders are increasingly challenged to understand how our markets actually work. “No longer do the technical patterns – that have lasted for years and years, and are written about all over – work anymore.”

    In the following interview, Joe and Chris plunge into “dark pools” and other poorly-understood elements of our now-machine-dominated financial exchanges. The current system is fraught with risks of further “flash crash”-like disruptions, and at a fundmental level, feels a lot like sanctioned theft by the deep-pocketed institutions who can outspend on technology and speed. This is an important interview for anyone involved in trading (professionally or personally), as well as investors who want to know how today’s markets truly operate.

    Click the play button below to listen to Chris’ interview with Joe Saluzzi:

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    In this podcast, Joe sheds light on why: 

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  • Blog

    Don’t Worry; They’ll Just Change the Rules

    by Chris Martenson

    Thursday, January 13, 2011, 2:52 AM

    0

    To anyone paying the slightest bit of attention, these remain very uncertain and trying times. On one side of the intellectual divide are the folks who are counting on deflationary forces overwhelming the normal credit-operated machinery of modern life, resulting in an implosion of economic activity. On the other side are those counting on hyperinflation as the most likely outcome of the grand printing experiment currently being conducted across the globe with its epicenter located within the United States.

    In the middle of the intellectual divide are people like me, who are leaning slightly towards one view or the other. Not yet committed to any particular outcome, they are tensed and ready to spring in whichever direction necessary, like the last kids left standing in a game of dodge ball.

    Some are expecting an imminent recovery (whatever that means), some a long, slow grind downwards, and others a rapid, if not chaotic, plunge into new and unwelcome territory of one sort or another.

    There are no right or wrong views here. All sides are on equally firm intellectual standing. However, I want to let you know why it is that I lean towards the inflationary line a bit (okay, a lot, by some people’s standards) and why I think that a wide-scale, final fiscal collapse is in the cards.

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