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Reply #81: alot of curious facts involved here [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-26-09 01:36 PM
Response to Reply #77
81. alot of curious facts involved here
think about these points RE Goldman, Zero hedge reports a few weeks back that according to data released weekly by the NYSE, Goldman is responsible for 40 to 60 percent of the daily trading volume of the NYSE wich sees between 2 and 3 billion shares change hands each day. now this is Goldman trading for their own account ( apparently ) not their customers. that would come out to as many as billion shares a day traded by Goldman. Goldman gets paid .25 cents for each trade they clear ( paid by the NYSE ). Goldman has recently been named a "special liquidity provider" to the NYSE. then news breaks that a former employee may have stolen Goldmans proprietary HFT software and the attorney general states in open court that should an outsider gain access to this program it could be used to "unfairly manipulate the markets". shortly after this news comes to light the NYSE decides that they will no longer publish their weekly program trading data ( conveniently hiding from view Goldmans trading volume ). next we hear that Goldman made a HUGE profit in the second quarter and that the bulk ( possibly all ) of those profits were generated by their trading desk. now we are hearing that high frequency trading can be used to front run the market ( illegally ) for profit.
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