Rigged Markets: Front running and bullying with high frequency trading

Stacy Summary: Sounds like the NYTimes is catching up with what we were talking about three years ago. Listen to Catherine Austin Fitts’ advice at the very end of Rigged Markets about staying out of a rigged market.

High-frequency traders often confound other investors by issuing and then canceling orders almost simultaneously. Loopholes in market rules give high-speed investors an early glance at how others are trading. And their computers can essentially bully slower investors into giving up profits — and then disappear before anyone even knows they were there.

High-frequency traders also benefit from competition among the various exchanges, which pay small fees that are often collected by the biggest and most active traders — typically a quarter of a cent per share to whoever arrives first. Those small payments, spread over millions of shares, help high-speed investors profit simply by trading enormous numbers of shares, even if they buy or sell at a modest loss.

8 comments on “Rigged Markets: Front running and bullying with high frequency trading
  1. smallz says:

    Kudos to Max Keiser & Stacy Herbert for being front runners in exposing this global ponzi. Max’s Al Jazeera films helped me to become comfortable with the language needed to express what I always suspected.

    It’s one thing to know something is a fraud, but its another to be able to explain EXACTLY how the fraud works.

    Matthew 10:26 – Fear them not therefore: for there is nothing covered, that shall not be revealed; and hid, that shall not be known.

  2. Jim says:

    they always seem to be catching up on something..

  3. Phil says:

    Great old video … Max tells it straight.

    Pity he didn’t mention that the “first” SEC chairman was Joe Kennedy (father of JFK) who made his made his money “just” before the 1929 crash … a big friend of big money and the Chicago mafia ! After his other son ( Attorney General IIRC) had the same mafia boss arrested, I guess the it was a no brainer that JFK was to be assassinated.

  4. Youri Carma says:

    Hedge Fund Accused Of Bogus Returns http://tinyurl.com/ndb8jf

  5. Fibon11235 says:

    @ Max & Stacy.
    A very good programme, informative and educational even the second time around. You do this very very well. Stick with it!

    In fact its just what the BBC was set up to do. What do they say if you offer to do a series for them, what’s their excuse?

    You know its illegal in the UK not to have a TV licence if you have a TV. Why we pay it I do not know any more?

    I wont have a TV in my next house what’s the point, I cant stomach the propaganda these days, its not even convincing.

  6. Fibon11235 says:

    @Max and Stacy
    Hope you don’t mind but iv just phoned the BBC and cut and past my comments to them and sent it them as a email. My suggestion was that they should get you to do a series in line with the subjects in this People and Power channel.

    Fat chance but its worth a try

  7. Youri Carma says:

    How deep does this rabbit hole goes of Wall Street Scum, Scam Trickeries: Check Hiding, Bear Rating, Front Running, Back Dating, Look Back Trading, Pump and Duping, Wash Sales, Match Sales, Blank Check IPOs, Parking Stock, Painting the Tape, Market Timing, Late Trading, Sheering, Spring Loading, Bullet Dotching, Naked Shortselling and we have more says Max!

    A complete list would be nice. However the trickery became so obvious that it even stirred up some Dutch MSM reporters from their sleep and that says a hugefull lot.

    Rating agency upgraded bonds to triple A just days after those same bonds had been sharply reduced. Great profit earnings from Federal Bailout Funds, Falling Interest Rates.

    Geithner is giving away presents like it is X-maz every day in Wall Street. First the steel everyones money and than during the so-called “Good Cause Gala Champaign Party” they golden shower shamlessly over some poor basterds who have to thank their money masters for so much grace for getting some crumbs of the pie. A disgusting display.

    Market rules where even loosened up again. Doesn’t that sound familiar even from most recent history and wasn’t it said that this exactly caused the crises?

  8. Dedo says:

    No way Max!,..that was Stacy wearing your suit,….

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