Comments on: Goldman: We reported trading data Now raising intellectual capital Thu, 17 Nov 2016 11:34:36 +0000 hourly 1 By: George Mon, 06 Jul 2009 18:03:50 +0000 Interesting the tag cloud to the right…… At what point does someone like GS have an unfair advantage in the market? Can we all have a supercomputer to run trading algorithm in real time with multiple market feeds? If that’s how they make their money, then we should probably have the same tools. We bailed them out.

By: Alexandra Mon, 06 Jul 2009 18:02:46 +0000 How odd. The biggest trader is just not reported by the program that collects the data and no one notices until the list is out? How reliable a stock exchange is that anyway?
As to Ricardo’s question: According to the patterns in trading of two days, there is no difference in behavior in the Dow Jones Industrial and the S&P 500. One might think this is odd, as the former covers only 100 and the later 500 equities. Yet, their graphs look exactly the same on several days. So, indeed why does the SEC not check for market manipulation?  /07/02/more-odd-things-happen/  /07/02/more-odd-things-happen/

By: Tim Jones Mon, 06 Jul 2009 17:27:52 +0000 Honestly… Do you think that the SEC is doing anything other than going out to lunch with market makers?? The SEC is either the most incompetent bunch out there, or the most clueless. Even after all of the AIG crap, they still to this day have not even sent down investigates to AIG offices to find out what was going on….

The SEC (and everyone else) will continue to ignore everything until people stop trading completely due to sheer manipulation that is going on…

By: FJoeC2 Mon, 06 Jul 2009 16:40:41 +0000 Or Goldman Sachs might be concerned that their trading software would not produce good results if there was an identical version in use by someone else looking for the same trading opportunities.

By: Ricardo Mon, 06 Jul 2009 16:37:49 +0000 I wonder if the SEC checked this code to see if it doesn’t manipulate the markets – for example, when it says it uses huge volumes, this is clearly it for me!

It is described as a system that quickly reacts to news, but there is no free lunch like that out there. This system is here to destabilze the markets, the small investors who are naive enough to think that equity markets are a synonym to investment rather to gambling.

Why intelligent people at GS don’t have enough intelligence to see that with such secret codes, they are going to kill capitalism? They don’t care, as long as they can buy their villas before it!

From a common wealth point of view, having many such trading systems could have 2 consequences:
1) optimistic case: making markets more efficient
2) pessimistic case: making things uncontrollable and someday the whold system will eventually crash down

The value of our markets is in the hands of robots and artificial intelligence… does this sound reassuring to you?? This is such a nonsense, that if we can such a nonsense, we will anyway crash someday, no matter how.

Good luck everybody.