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Author: Saleem Arnuk
Publisher: FT Press
ISBN: 0132875241
Category : Business & Economics
Languages : en
Pages : 317
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Book Description
The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in "Broken Markets," they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly "why" you're angry, "who" you're angry at, and "what" needs to be done!
Author: Saleem Arnuk
Publisher: FT Press
ISBN: 0132875241
Category : Business & Economics
Languages : en
Pages : 317
Get Book Here
Book Description
The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in "Broken Markets," they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly "why" you're angry, "who" you're angry at, and "what" needs to be done!
Author: Sal Arnuk
Publisher: FT Press
ISBN: 0132875268
Category : Business & Economics
Languages : en
Pages : 317
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Book Description
The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror. Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!
Author: Noah Raford
Publisher:
ISBN: 1583949011
Category : Political Science
Languages : en
Pages : 257
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Book Description
"A cutting-edge examination of new types of political actors who emerge in a world of drug cartels and transnational criminal organizations. Leading experts chart the changing geopolitical landscape as the world's elaborate but fragile political systems become increasingly vulnerable to breakdown and deliberate disruption."--
Author: Chandra Kumar
Publisher: Gabbro Books
ISBN: 9671260918
Category : Business & Economics
Languages : en
Pages : 81
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Book Description
It’s May 6, 2010 and in New York it’s 2:40 p.m. You switch to your favorite business channel, wherever you may be in the world, and immediately notice something very unusual going on. Pandemonium comes to mind, and then you see why: The Dow is down almost 1000 points! As you stare at the displayed charts thinking what the hell might be causing this, the major indices almost miraculously recover within minutes. This event, now known as the Flash Crash, changed your perception of the financial markets forever. High Frequency Trading, something you had never heard of, is blamed for the debacle. You listen intently as one expert after another tells you that HFT is the “little guy’s” worst enemy. The machines, the goddamn machines are ruining the markets, you become convinced. Then you hear about Hedge Funds being involved in illegal insider trading, about central banks meddling in the markets, and you throw up your hands in exasperation. Before you decide to give up on the markets, and even if you already have, read this book to separate the facts from the hype. Learn that while there is “bad” HFT, which you must guard against, there is also “good” HFT. On balance, HFT is great for retail investors contrary to the media blitz, and insider trading may become less of an issue in the future. The markets may be treacherous but they are navigable.
Author:
Publisher: Odile Jacob
ISBN: 2738172385
Category :
Languages : en
Pages : 364
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Book Description
Author: Rana Foroohar
Publisher: Crown Currency
ISBN: 0553447254
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Is Wall Street bad for Main Street America? "A well-told exploration of why our current economy is leaving too many behind." —The New York Times In looking at the forces that shaped the 2016 presidential election, one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is threatening the American Dream. Now updated with new material explaining how our corrupted financial system propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans have lost trust in the system, and why it matters urgently to us all. Through colorful stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path forward.
Author: William Troyaux
Publisher: Publishroom
ISBN: 2384547755
Category : Business & Economics
Languages : en
Pages : 263
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Book Description
You will find in this book exclusive interviews of renowned specialists about market microstructure and high-frequency trading strategies on lit markets and Dark Pools. This book was developed following extensive research to democratize as many aspects as possible on US and European market microstructure, high-frequency trading strategies and Dark Pools. Today, financial markets have become extremely complex. Market automation and new regulations have encouraged the emergence of new market players: high-frequency traders. These new players hold intraday positions. They deploy their specific orders and arbitrage strategies across multiple markets at close to the speed of light to get the best prices and to trade ahead of other market participants. Dark Pools, whose operations are also difficult to understand for most professionals, have been created, adding complexity to financial markets. Dark Pools seems a little bit scary. However, we will see that Dark Pools are advantageous in terms of price compared to regulated markets. “Fantastic job explaining some tough to understand topics.” – Joe Saluzzi, Partner and co-founder of Themis Trading and co-author of the book Broken Markets. William’s message: “High-frequency trading is a small world that is difficult to access. I have spent a large part of this last year writing this book, taking into account the interviews I have been able to carry out in order to democratize as many aspects as possible. Many thanks to Joe Saluzzi, Alexandre Laumonier, Dave Lauer, Benoît Lallemand, Jean-Philippe Bouchaud and Donald MacKenzie. This book will help you to better understand the winning strategies of high-frequency trading firms.”
Author: Derek Moore
Publisher: Emerald Group Publishing
ISBN: 1787439585
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
Investment outcomes and strategies have changed considerably since 2008. Broken Pie Chart demonstrates the failures of classical diversification and asset allocation, pointing out that the backward-looking methods used by traditional financial professionals will not work moving forward.
Author: Jennifer Clapp
Publisher: John Wiley & Sons
ISBN: 1509541780
Category : Political Science
Languages : en
Pages : 181
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Book Description
We all need food to survive, and forty percent of the world’s population relies on agriculture for their livelihood. Yet control over food is concentrated in relatively few hands. Turmoil in the world food economy in recent decades has highlighted a number of vulnerabilities and contradictions inherent in the way we currently organize this vital sector. Extremes of both undernourishment and overnourishment affect a significant proportion of humanity. And attempts to increase production through the spread of an industrial model of agriculture has resulted in serious ecological consequences. The fully revised and expanded third edition of this popular book explores how the rise of industrial agriculture, corporate control, inequitable agricultural trade rules, and the financialization of food have each enabled powerful actors to gain fundamental influence over the practices that dominate the world food economy and result in uneven consequences for both people and planet. A variety of movements have emerged that are making important progress in establishing alternative food systems, but, as Clapp’s penetrating analysis ably shows, significant challenges remain.
Author: Haim Bodek
Publisher: Createspace Independent Publishing Platform
ISBN: 9781481978354
Category : Business enterprises
Languages : en
Pages : 0
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Book Description
This book explores the problem of high frequency trading (HFT) as well as the need for US stock market reform. This collection of previously published and unpublished materials includes the following articles and white papers: The Problem of HFT HFT Scalping Strategies Why HFTs Have an Advantage Electronic Liquidity Strategy HFT - A Systemic Issue Reforming the National Market System NZZ Interview with Haim Bodek TradeTech Interview with Haim Bodek "Modern HFT wasn't a paradigm shift because its innovations brought new efficiencies into the marketplace. HFT was a paradigm shift because its innovations proved that anti-competitive barriers to entry could be erected in the market structure itself to preference one class of market participant above all others"
