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As trading moves from milliseconds to microseconds to nanoseconds, everyone is learning to act more quickly.
The crowd is really hot as momentum shifts back and forth between the pair, trading moves and reversals.
If a fund becomes too large, trading moves prices against the manager, or the fund starts to resemble the overall market.
NEW YORKER Stock Trading Moves Into the Shadows | As stock trading moves from established exchanges to private platforms, "the shift is helping big traders hide what they are doing in the markets, and regulators are worried that the development could obscure the true prices of stocks and scare away ordinary investors," The New York Times reports.
That makes it less attractive to hold swaps, as both the swap itself and any offsetting hedge add to a bank's leverage, even though the hedge serves to reduce risk.At the same time the profits from bond-broking are being compressed as trading moves away from adrenaline-driven salesmen on phones and onto electronic platforms.
As exchanges merge and more trading moves online, it's not always clear who should have regulatory power.
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Seagate, off $4.50 at the close of trading, moved as high as $76 after hours.
The highest yield accepted by the government at the auction was 0.498 percent, so two-year notes already trading moved closer to that yield.
"We were seen as the nerds of the floor," says Mr Elzinga.As trading moved to screens, Optiver and IMC invested in technology to do those same calculations faster.
D Digital Day Trading: Moving from One Winning Stock Position to the Next".
The aim is to evaluate how far experiences in emission trading move away from theory and why.
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