.....hahahaha....good luck bulls.
Reuters) - U.S. regulators are probing certain practices around "quote stuffing," where large numbers of rapid-fire stock orders are placed and canceled almost immediately, Securities and Exchange Commission Chairman Mary Schapiro said on Tuesday.
"The SEC and other regulators are looking carefully at certain practices in this area to assess whether they violate existing rules against fraudulent or other improper behavior," Schapiro said at the Economic Club of New York.
http://www.reuters.c...E6863QL20100907
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SEC probes "quote stuffing" practices rapid-fire stock orders are placed and canceled immediately
#2
Posted 07 September 2010 - 11:02 PM
What possible bona fide purpose could "quote stuffing" serve? Other than ham-handed market manipulation?
#3
Posted 08 September 2010 - 09:32 AM
Slipnslide, on 07 September 2010 - 11:02 PM, said:
What possible bona fide purpose could "quote stuffing" serve? Other than ham-handed market manipulation?
It's a way for black boxes to make money by taking advantage of high speed computer technology.
It's a speciality of the quants.
And as long as no one tells them to stop, they will keep doing it.
There's no escaping reason, no denying purpose, for as we both know,without purpose we would not exist. It is purpose that created us, purpose that connects us, purpose that pulls us, that guides us, that drives us, that binds us, it is purpose that defines us.
#4
Posted 08 September 2010 - 09:37 AM
You gotta love the "free markets" to deliver the goods better than the regulators and the government......
http://www.latimes.c...0,6380098.story
http://www.latimes.c...0,6380098.story
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