2014: Sony Pulls Release Of “The Interview” Due To Fears Of “9/11-Style Retaliation”

Update: and moments after we wrote this, Sony itself decided to cancel the release of the movie. Sony Pictures says it cancels release of ‘The Interview’ http://t.co/HTzu5s2kqE — WSJ Breaking News (@WSJbreakingnews) December 17, 2014 Straight to “must watch” Netflix it is. * * * One of the biggest conspiracy theories in recent weeks has nothing to do with the stock market and the Fed, or with HFT manipulation, or with Ukraine’s gold, or with who brought down the two Malaysian airliners, but whether the now beyond ridiculous drama surrounding Seth Rogen and James Franco’s latest movie, The Interview, which has its very own cast of C-grade characters, including an alleged furious North Korean dictator and his hacker disciples, a mega-corporation whose servers were hacked releasing the content of thousands of emails into the open, and of course, delighted marketing studio execs, has been staged and planned from the […] Read More

2014: How To Fix High-Frequency Trading

Submitted by Anthony Tassone of Green Key Technologies, Solution to HFT Debate: Match Based On Price & Quality, Not Time. The recent public outcry over high-frequency trading is pointless. Solutions exist. Virtually every comparable market in the world uses them already. But, some electronic exchanges may not willingly adopt them. Doing so may disrupt their current business model. The incentives are misaligned, and competitors or regulators may need to force the issue to see change. Luckily, the issue to be forced is far simpler than most think. It’s time to add quality to the matching process. Over thousands of years, every naturally evolved market has headed this direction – from the ancient Greeks to Alibaba.com. It’s time for Wall Street to realize what they lost along the way, and how it can fix far more than just HFT. In 500 BC, the Greeks were auctioning off war plunder, grain, […] Read More

2014: “Timestamp Fraud”: A Rigged Market Explained In One Simple Animation

The topic of High-Frequency-Trading quickly dissolves into a smorgasbord of mnemonics and ‘inside-baseball’ technical terms – just complicated enough to lose everyone that matters or should care about its implications. Despite the fair-and-balanced defense from the mainstream media business channels (sponsored by the belief in the status quo fair markets that ‘America the free’ is known for), the fact is that HFT does front-run (perfectly legal under the umbrella protection of Reg NMS) order flow, but there may be one more wrinkle – one which would cement the Michael Lewis (accurate) allegation that the market is rigged. Because if as Nanex shows below, there is in addition to everything else the element of timestamp fraud involved in the distribution of NMS “compliant” trading data for Direct Feed-to-SIP matching purposes, this means that not only is the market rigged, but its rigging goes from the very top all the way […] Read More