Just finished reading the latest work by Michael Lewis - lived up to the expectation.
Wallstreet jocks continue to be at it - wonder if there is ever an end ..probably not. We will continue to see "innovations" that will be in the "interest of the client" while the regulators are always trying to catch up. Occasionally, the "principled" characters expose the dirty linen but the institutional linkage with the government will keep the ball rolling.
While the world was reeling in the GFC, the HFT guys were having(continue to) a party. In the same vein, as the investors now realize the deal of microseconds, I wonder what's the new play being employed. The smart brains i'm sure have concocted the next game-changer working around the regulations.
Thomas Pikkety and Taleb in the queue next - former an electronic version and latter the paper. Think i'll go with the latter.
Wallstreet jocks continue to be at it - wonder if there is ever an end ..probably not. We will continue to see "innovations" that will be in the "interest of the client" while the regulators are always trying to catch up. Occasionally, the "principled" characters expose the dirty linen but the institutional linkage with the government will keep the ball rolling.
While the world was reeling in the GFC, the HFT guys were having(continue to) a party. In the same vein, as the investors now realize the deal of microseconds, I wonder what's the new play being employed. The smart brains i'm sure have concocted the next game-changer working around the regulations.
Thomas Pikkety and Taleb in the queue next - former an electronic version and latter the paper. Think i'll go with the latter.
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