On August 25, 2011 at 15:45:48, in a one second period of time, there were more than 10,000 quotes and exactly zero trades in DELL

The difference between Price Discovery and Price Manufacturing is: Price discovery is the net result of satisfying the plurality buyers and sellers (participants in the market) by clearing trades at a price that is determined to be mutually acceptable. Price Manufacturing is the result of picking a price first that a few traders in the market determine to be in their narrow best interest and then flooding the system with fake orders until that price is achieved – at the expense of the plurality participants in the market. Price Manufacturing is the same as price fixing. But instead of a central planning committee fixing prices, computer algorithms are programmed to fix prices. Instead of millions of workers laboring at slave wages to crank out value-subtracted goods millions of lines of code automatically crank out value-subtracted transactions on the floor of various exchanges. The result is the same. Wealth is transferred to the oligarchs.

4 comments on “On August 25, 2011 at 15:45:48, in a one second period of time, there were more than 10,000 quotes and exactly zero trades in DELL
  1. doomandbloom says:

    this is High Frequency Looting… not trading..

    pls explain ..somebody….how can computer software programs can be called trading? they are just skimming prices based on speed and no trading whatsoever…!

  2. Trevor Morgan says:

    Under UK Law it would seem that there is provable criminality here

    http://www.cps.gov.uk/legal/d_to_g/fraud_act/

  3. I_Can_Believe_Its_Just_a_Dip says:

    @trevor, they certainly fulfill a number of the sections of that fraud act, who would take em on though,can see it being hard to prove especially as they are known for wiping the evidence as they go along,an insider whistleblower might be needed.could plant a keylogger between the computer and keyboard and retrieve it at a later date.

  4. Trevor Morgan says:

    What ever a key logger is? I am an oldie.
    There is no will in high places as most seem to be bought and paid for. However the de- facto criminality does leave some exposed if there is political change (of people or of will to act).
    I just did a google on “fraud” and got that link.
    I know that I am more likely to be fined for speeding (I am an annoyingly slow driver) than City of London banksters being collared for fraud.

Watch the latest Keiser Reports:

Buy Gold Online
Buy Gold Online