Skip to comments.The ONE Revelation About HFT Programs That Truly Scares Bankers (It's Not Stock Market Rigging)
Posted on 04/08/2014 8:09:28 AM PDT by Errant
Last week, the big story was how bankers use HFT (High Frequency Trading) algorithmic software not only to rig markets but also to commit theft on a daily basis (Frontrunning, like Quantitative Easing, is just fancy Wall Street lingo to disguise its true meaning of theft). Though many in the public blogosphere expressed shock that stock markets are rigged and that regulators like the Securities Exchange Commission willingly allow this theft to occur, the only thing shocking about this story was how long it took this story to reach the mainstream and that people were crediting Michael Lewis with uncovering this story with his book Flash Boys when in reality this story had been discussed in detail on independent financial media sites for more than five years already.
For example, an accounting professor at the Yale School of Management, X. Frank Zhang, calculated that HFT trading was responsible for a minimum of 70% of all daily trading volume in US stock markets and possibly for as much as 78% of the volume in 2009. And HFT algorithmic trading was already dominating daily trading volume on US stock exchanges prior to 2009. Thus one can clearly see that the only thing new about HFT algorithms is that this old news has finally moved into mainstream media headlines.
BATS CEO William O Brien, when confronted on MSNBC last week with the fact that HFT algos commit millions of acts that are specifically prohibited by the US Securities and Exchange Commissions Regulation NMS, a regulation that requires brokers to guarantee customers the best possible execution of price on orders, ludicrously argued that HFT programs have no clients...
(Excerpt) Read more at zerohedge.com ...
The real truth the bankers wish to conceal from the public is that they use HFT programs to suppress gold and silver prices.
He provides a very detailed example here of the common knowledge that many of us have posted here for quite some time — how “spoofing” aka “quote stuffing” fraudulently moves the market and screws real investors and traders with virtually no real trading by the HFT shop.
I suspect something similar is being done in the Ag markets.
Prices are jumping, and they are increasing decoupled with reality.
The best description of how it’s done I’ve seen so far.
All of that extra fiat looking for someplace to park. Make sure you have a full pantry. The banksters will destroy the agricultural sector if they can make a fast buck.
With 10+ yrs of suppression .....a lot of pent up energy there.....silver....also now considered the only viable treatment for flesh eating bac.