Replies to post #87407 on SPDR S&P 500 (SPY)

[Two-timer]

By the way, the ZeroHedge folks made it very easy to understand flash trading with this analogy. Two

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"I’ll start with the second article. It likens Flash Trading to offering to sell your house to your neighbor before you list it. That analogy is wrong. The correct real estate analogy would be that you are about to close on selling your house to Joey for $500,000, and you FLASH your neighbor (not Joey) about your impending deal with Joey, and then your neighbor can step in and buy your house instead of Joey for $500,001, or perhaps even drive to the closing before you get there, and offer Joey his house instead of yours for $499,999. Get it now guys?"