Asian indexes trade lower following the negativity in the
States. Australia is the lone bright spot ending marginally higher recovering
from intraday losses as banks and energy companies move higher. The Aussie
dollar is 0.8768 continuing lower. The NIKK is whacked -2.2% down a huge 335
points to 14738. The stronger yen with dollar/yen down to 106 creates
negativity. Auto makers TM and HMC trade lower.
The SSEC and HSI each end -0.7% lower. Chinese real estate
and steel companies are beaten while banks trade
[Text is Redacted: Purchase October 2014-10 to Read the Complete Chronology]
a Capital Research, a small HFT firm for price manipulation on Nasdaq stocks. The firms high-frequency trading algorithm, called Gravy, floods the exchanges with orders and then quickly pulls the orders, everything occurring in milliseconds, to benefit from the imbalance created. The SEC is likely bringing litigation against smaller companies to learn more about HFT and then set sights on the bigger fish in the ocean.
[Text is Redacted: Purchase October 2014-10 to Read the Complete Chronology]
a Capital Research, a small HFT firm for price manipulation on Nasdaq stocks. The firms high-frequency trading algorithm, called Gravy, floods the exchanges with orders and then quickly pulls the orders, everything occurring in milliseconds, to benefit from the imbalance created. The SEC is likely bringing litigation against smaller companies to learn more about HFT and then set sights on the bigger fish in the ocean.
5-1/2 trillion dollars of value is wiped off global equities
since the stock markets topped out in September. This loss compares to the size
of the UK and Japan economies combined; wiped out in only a few weeks time.
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