Saturday 20th of April 2024
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trading and swearing about the piggy market...

trading insults

Fall 2016 brought a fundamental change to the United States. Its fastest and largest network—the decentralized network of electronic market exchanges—began to experience its first ever intentional delay. Specifically, a 38-mile coil of fiber-optic cable was embedded into a new exchange network node, which, given the finite speed of light, introduced a systematic 350-µs (microsecond) delay in signal transmission (1). The future impacts this might have at the systems level are unknown...

 

Read more:

http://science.sciencemag.org/content/355/6327/801

 

Imagine: you are an investor with some cash in your pocket... You play the stock market. It takes you half a day to read the trends in the financial papers, it takes you a couple of minutes to make a decision on what to buy and sell, it takes either a phone call to your "trader" or you do it via one of the nettrade system. 

By the time your one trade is registered, the etrade machines have already traded trillions of times with stocks. You don't understand why your trade is going south when it should be going north... Imagine that the etrade centres are setting up closer to the exchange because IT GIVES THEM A LIGHT SPEED ADVANTAGE  to an etrade competitor placed at the other end of town. Far fetched? Nupe. This is why, the US government decided to "slow down" the etrade system with this 38 miles coil of fibre-optic cable, in order for everyone on the etrade floor would compete on a level playing field... Should you be a small investor, you're out of this loop, because by the time you make your bet on the stock market, trillions of other bet would have been performed and the trend you relied upon is already shit. Though the etrade is done on stuff like derivatives and bonds, this market can affect your little piddly trades, including create a market correction that wipes out 20 billions from the pool, while transfering the difference into the etrade bets you don't see.

 

Note: Toon at top is by Plop -- another Gus Alias, namely his "mate" Pedro Lopez (Plop). Plop is famous for his scientific cartoons.

the electronic floor...

Electronic trading, sometimes called etrading, is a method of trading securities (such as stocks, and bonds), foreign exchange or financial derivatives electronically. Information technology is used to bring together buyers and sellers through an electronic trading platform and network to create virtual market places. They can include various exchange-based systems, such as NASDAQ, NYSE Arca and Globex, as well as other types of trading platforms, such as electronic communication networks (ECNs), alternative trading systems, crossing networks and "dark pools".[1][2] Electronic trading is rapidly replacing human trading in global securities markets. Electronic trading is in contrast to older floor trading and phone trading and has a number of advantages, but glitches and cancelled trades do still occur.[3]

Read more and send money to Wikipedia on my behalf:

https://en.wikipedia.org/wiki/Electronic_trading


pushing the russians out...

If the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is shut down in Russia, the country’s banking system will not crash, according to Central Bank Governor Elvira Nabiullina. Russia has a substitute.

There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative," Nabiullina said at a meeting with President Vladimir Putin on Wednesday.

She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard.

Izvestia daily reported that as of January 2016, 330 Russian banks had been connected to the SWIFT alternative, the system for transfer of financial messages (SPFS).

In 2014 and 2015, when the crisis in relations between Russia and the West were at their peak over Crimea and eastern Ukraine, some Western politicians urged disconnecting Russia from SWIFT.

In November 2015, Nabiullina said the SPFS was close to being completed.

The central bank’s website says the system was established “as an alternative channel for interbank cooperation with the aim of ensuring the guaranteed and uninterrupted provision of services for the transmission of electronic messages on financial transactions.”

At present, the system has some drawbacks. It doesn’t work from 9pm to 5am Moscow time and costs up to five cents per wire transfer, which is regarded expensive.

read more:

https://www.rt.com/business/382017-russia-swift-central-bank/