Friday, July 11, 2014

Dark Pools: Who Owns The Stock Market, And Who Benefits?

Source: Rosenblatt via WSJ
Kos's bobswern has republished, with permission, an article by Pam and Russ Martens at Wall Street on Parade called Who Owns the U.S. Stock Market? The answer may not surprise you... I've known a tiny bit about this phenomenon since around 2007 or 2008, when I was working for some very market-oriented people in my next-to-last contract before I retired... but it damned well ought to frighten you even if your only investment is a retirement account or two. The short version (not adequate, but the best I can do in a sentence): a combination of automated trading algorithms, self-trading in "dark" venues, and massive trading venue ownership by the largest investment firms threatens the stability of the invested wealth of literally everybody else. It's not a pretty picture, if you're part of "everybody else."

No comments:

Post a Comment

USING THIS PAGE TO LEAVE A COMMENT

• Click here to view existing comments.
• Or enter your new rhyme or reason
in the new comment box here.
• Or click the first Reply link below an existing
comment or reply and type in the
new reply box provided.
• Scrolling manually up and down the page
is also OK.

Static Pages (About, Quotes, etc.)

No Police Like H•lmes



(removed)