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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.50+0.6%4:00 PM EST

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To: Haim R. Branisteanu who wrote (62896)5/10/2010 9:18:16 PM
From: TobagoJack1 Recommendation  Read Replies (2) of 219132
 
just in in-tray

player 1: This is what SEC and JD really need to investigate. The probability of a 'risk-taking' prop operation being profitable on 100% of trading days in a qtr is distinctly less than winning the Irish sweepstakes. Guess they needed to improve on their recent qtr of 'only' 97%. Front-running the Fed and Tsy? Let's find out. Violating securities laws by illegal short-sale arbitrages? You bet, they already admitted that one. Dark pool computer just a fancy innovation to front-run? You bet, that's why GS had the prosecutor claim
the technology would enable 'widespread market manipulation' if in the 'wrong hands'. Right. I swear if I was a GS client I'd terminate the relationship to prevent them from front-running my orders and trading off knowledge of my account. Oops, I already did that. Right.

player 2: My HF is held at Goldman, but I have and will always trade away, on certain positions for the exact reasons you state. Particularly less liquid names.
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