The idea is straightforward: Computers take information — primarily “real-time” share prices — and try to predict the next twitch in the stock market. Using an algorithmic formula, the computers can buy and sell stocks within fractions of s…
Posts Tagged ‘stock’
The Edge: Singapore economy on the mend but recovery still shaky
July 29th, 2009 |
No Comments
JUST AS THE local stock market is taking a breather after a spectacular four-month run, economists are busy revising their forecasts for the Singapore economy.
Take Standard Chartered Bank, the London-based emerging markets bank that derives most of its income from Asia and is among the top two foreign banks in Singapore as well as Southeast Asia.
StanChart, as the bank is popularly known in the region, says the worst is almost over for Singapore’s economy. Moreover, the downturn was bad but not as bad as most economists had forecast, it says.
US rules on abusive short selling
July 27th, 2009 |
No Comments
US stock market regulators have made permanent a rule aimed at reducing abusive short-selling.
The emergency rule on "naked short-selling" was introduced at the height of last year’s market turmoil, and was due to expire on Friday.
Short-sellers usually borrow shares, sell them, then buy them back when the stock falls and return them to the lender keeping the difference in price.
"Naked" short selling is when sellers do not even borrow the shares.
The US the Securities Exchange Commission (SEC) acknowledges that short selling can help limit market bubbles in individual shares.
But it has been concerned that the practice can also be used to manipulate the market.
‘Abuse’ reduced
The rule now made permanent includes a requirement that brokers must promptly buy or borrow securities to deliver on a short sale.
The SEC says this has helped to reduce what it calls "abusive, naked short-selling", by more than 50% in an eight-month test period.
US politicians have put pressure on the SEC to curb trading moves they believe worsened the market downturn.
However, some analysts in the securities industry warn that the new regulation on naked short-selling could have negative consequences, such as wilder price swings and market turbulence.
In a related move, the SEC says it is working on new approaches to reining in rushes of short-selling that can cause dramatic plunges in stock prices.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Corporate Media Spotlights Distortion of Market by High Frequency Trading
July 24th, 2009 |
No Comments
The corporate media – after ignoring the fact that high frequency trading skews the market – is now starting to spotlight it. Bloomberg interviewed the former head of Nasdaq, who says that high frequency traders account for 73% of the volume on the sto…
Dan Dorfman: Grandma Knows Best
July 17th, 2009 |
No Comments
My grandma said that if I read something that doesn’t seem to make sense, I should think twice about it. With that thought in mind, I decided to rattle off a slew of economic absurdities coming from Wall Street, the media and Washington.
What is “High-Frequency Trading”, and How Does It Distort the Markets?
July 16th, 2009 |
No Comments
Joseph Saluzzi – partner and co-head of equity trading for Themis TradingThemis – gives a succinct and stunning explanation of high-frequency trading.This is a topic that professional stock traders know a lot about, but the public knows nothing about.S…
Delhi Stock Exchange teams up with IBM to re-start its operations
July 15th, 2009 |
No Comments
IBM today announced that it has signed a 10-year information technology (IT) services agreement with Delhi Stock Exchange, one of the leading stock exchanges in India.
As part of this Rs 11 crore agreement, IBM will provide business continuity and disaster recovery services to DSE as well as remotely host and manage its IT infrastructure.
This [...]
Goldman Execs Sold $700M Of Stock, Most Of It During Their Bailout
July 14th, 2009 |
No Comments
Executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission.
Most of the sales occurred during the period in which the…
Russian Firm Values Facebook Stock at $6.5B
July 13th, 2009 |
No Comments
Russia’s Digital Sky Technologies is willing to pay $14.77 per share for Facebook common stock, boosting its stake to as much as 3.5 percent and valuing the world’s largest online social network at about $6.5 billion.
– SAN FRANCISCO (Reuters) Russia’s Digital Sky Technologies said it
will pay $14.77 a share for Facebook common stock, boosting its stake
to as much as 3.5 percent and valuing the world’s largest online social
network at about $6.5 billion.
While that is below the $10 billion valuation set by Digi…