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In response to
"The 60 Minutes piece on the stock market kid and what he was able to figure out was grrrrreat -- nm"
by
prayformojo
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I'm surprised how many people were surprised by it. I thought it was simple common sense. -- nm
Posted by
David (aka David)
Mar 30 '14, 17:13
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(No message)
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Responses:
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Yeah. I would like to have sat in on one of the meetings when he went around explaining the concept -- nm
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prayformojo
Mar 30, 17:14
1
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What did he figure out? -- nm
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Will Hunting
Mar 30, 17:14
7
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High volume traders stealing trades microseconds before other investors and then reselling them.
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Volnelk
Mar 30, 17:18
6
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Chucked! -- nm
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Dano
Mar 30, 17:33
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Listen all y'all, it's arbitrage -- nm
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Was Bar Was
Mar 30, 17:32
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In the 20's brokers would take an order from a client to buy, they'd buy it themselves and then sell it, only in those days it was an hour
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zeitgeist
Mar 30, 17:27
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I did a paper on this for my principles of finance class earlier this semester.
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znufrii
Mar 30, 17:25
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hey, that aint fair! -- nm
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mud
Mar 30, 17:22
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It's the Wall Street version of a cable modem helping with HSX trades in the late 90s.
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David
Mar 30, 17:21
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