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Alias Born | 04/29/2008 |
Monday, September 01, 2014 6:29:59 PM
Surely the firms that paid millions to get access to the custom built fiber lines between NYC and Chicago to gain a few microseconds advantage over other traders were elated when they realized that they could now short $1,000 of patooey stock in 7.1 milliseconds instead of 7.2? Why that alone could increase their profits by $100, dare I say $500 PER DAY!!
Actually, I imagine "dark pools" those investment vehicles that don't disclose their holdings to their investors are the ONLY ones who would invest in patoeey. I wouldn't want to be the CEO of a fund who had to disclose his purchase of a stock with patooey's CV, would you?
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