On Monday, October 10th something strange happened in the world of high finance: Goldman Sachs lost its crown. The news, despite trumpeting a major new player in the world of HFT, or high-frequency trading, got no coverage at all from popular media outlets, save for a mention on Matt Taibbi’s blog at RollingStone.com. Yet for anyone with an interest in our fragile economy, the development would have been noteworthy: a new, unheard of company listed as Latour Trading LLC had surpassed Goldman Sachs as the most active trader on the New York Stock Exchange. I googled “Latour Trading” as soon as I read the news. Besides Taibbi’s post and his original citation (hat tip to Zero Hedge), there wasn’t a single article about this new titan of Wall Street—just a few job postings for salaried positions starting at $175,000 (not including bonuses), a YouTube clip of its staff ringing NYSE’s opening bell a few weeks earlier, and up top a link to its homepage, latourtrading.com. When I clicked on the homepage, my browser window went white. I tried reloading it—still nothing. It’s a strange feeling, loading a blank web page; it doesn’t happen very often. So I checked the source code of the site. In its entirety it read:

- The schaden freudes itself .....

sarcasmo

(23,968 posts)

5. Always a good thing when our corporate overlords

Reply to Fire Walk With Me (Original post)

Tue Dec 13, 2011, 10:48 PM

Dec 2011

loose money.

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