Replies to post #173597 on Avid Bioservices Inc (CDMO)

[volgoat]

It was on 60 mins a few weeks ago...

[biopharm]

The SEC faces pressure to overhaul trading after Michael Lewis’s “Flash Boys” book made the claim that high-frequency traders hurt other investors by learning which shares investors plan to buy, purchasing them and selling them back at a higher price. The SEC has said it’s reviewing every aspect of how stocks are traded, and regulators are trying to identify changes that could be implemented quickly, the people said.

http://www.bloomberg.com/news/2014-04-19/sec-said-to-weigh-shining-light-on-brokers-stock-routing.html

[swg_tdr]

Eastcoast, re HFT,

A good read and fascinating. Would probably help explain our 70M trade over 2 days....also the trading to 4/ one hundreds of a cent.

CP much earlier explained the date/time stamp locked-in-position of a trader who than can jerk the price around with the .0001 or whatever .03 differential price setting he can change instantly, to screw up any one's execution (what funnily is called) AT THE MARKET.

All the banks' and hedgies' prices flash on the trading screens, yours sits there sready and glowing with a big target on your back.

[skweze]

Zero transparency = 100% shenanigans. Always will.

I recommend Michael Lewis's new book "Flash Boys". Just finishing it and if you are an investor and trade you will find it eye opening..

It may explain some of the weird trading we have witnessed in PPHM. The 5 share trades: High Frequency Traders ping a small trade to "see" the market participants. They then use their speed to step in front of other investors and buy/sell to move the stock.

Another is the many 100sh trades. I always thought it was small investors buying...not true, its the HFT.

Ameritrade, Schwab, E-Trade and the bunch of them sell the flow so the trades get routed to nefarious dark pools(private exchanges) where HFT's prey.

You always knew where money was involved the small investor was getting screwed but then it started to effect the larger mutual fund traders.

a new exchange opened in Fall of 2013 (by the Flash Boys) that leveled the playing field, IEX, Investors Exchange. It does not pay for order flow and has devised an exchange that thwarts the HFT's.

A good read and fascinating. Would probably help explain our 70M trade over 2 days....also the trading to 4/ one hundreds of a cent.

Anyways, not meant to sell the book but if you are interested in "our markets" you'll find it interesting.

Happy Easter to all