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To: blind-geezer who wrote (195830)7/10/2009 7:32:37 PM
From: bumblin bob  Read Replies (2) | Respond to of 208838
 
No.... but I'm glad to see that I'm not the only one that read that article and got the same impression.

Does this mean my reading comprehension is getting better or that this guy is as slow as me?

Throw in a dark pool that releases their trades at opportune times and you could almost call it a conspiracy if it weren't for the fact that we know the folks at GS are pillars of business.... or is it government? Doesn't matter. All is well in Muddville.

I wonder if the SEC ever uses the GS letterhead by mistake when sending out edicts.....



To: blind-geezer who wrote (195830)7/10/2009 8:10:30 PM
From: bumblin bob  Read Replies (1) | Respond to of 208838
 
And for a little more light on the subject thanks to TFF and his Final Frontier thread:

Algo traders take $21bn in annual profits
Tom Fairless
10 Jul 2009
A small proportion of US trading firms are using computer-driven strategies to control three-quarters of equity trades and generate $21bn (€15bn) in annual profits, according to a new report, which puts a figure on algorithmic activities for the first time and highlights the significance of this week's alleged theft of code from Goldman Sachs.

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