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You lost me. It'll take them more cycles submitting these orders, handling resulting order state... than it will take for other market participants to simply filter out orders that are far from the NBBO. I don't see how you can possibly gain any advantage from doing this.

I absolutely believe this is HFT, and exactly the market-making/mean reversion referred to above. They're sitting some std dev away from the current price, hoping to catch large volume orders that clear the books and subsequently take out multiple stop orders. There's no reason...

So what? The United States was similarly corrupt at a comparable point in its economic development. If you can find a poor nation not riddled with corruption... please, do let me know. As long as those with political power do not have economic wealth, corruption is a foregone conclusion...

Note that she still had a cell phone and a car lease, even as she was losing her home. Tells you quite a bit about her priorities for those 99 weeks. And why would she voluntarily give up her food stamps?

Heh, I mostly agree with the point you're trying to make... but I do think you overstate it slightly. I have to say, if you started asserting the existence of huge creatures without any fossil evidence, and based strictly on statistical possibility... you'd deserve to be committed. Keep in...

Absolutely, I would say that's a rather optimistic assumption. But even with this bar set so low, very few option selling programs would be able to pass it. There are just too many unsophisticated investors who are seduced by a 90% win rate, regardless of *how* the manager achieved it.

This is where knowledge of the strategy becomes very important. Please note I'm not even talking about the "unknown unknowns" associated with a black swan event. I'm talking about the known unknowns. I personally would never invest in an option-based strategy where I didn't understand the...

Do you understand the "black box" system enough to understand the risks inherent in their model? All else being equal, I would stay far away from any option-based model unless I have a deep understanding the probability distribution they've designed into their system. Any daytrader...

There are no free lunches. The FCM opening your account is taking on the risk, in that case. You will have to convince them that you're worth the risk... Otherwise, expect that they will ask you sign a personal guarantee covering losses for a corporate account.

Right, because the powerful men in finance are young, fit, charming and attractive.

Ah, I guess it was a data error. For those who didn't see it before they updated it, they showed a 30% drop in the index in late June. http://www.barclayhedge.com/research/indices/btopfx/

I personally use rentacoder for a lot of my small contract jobs when I don't feel like coding it. If you can't find the right source there, then you're not going to have better luck anywhere else.

Does anyone have any insight as to the numbers here? I assumed at first it was data error, but since it hasn't been fixed... Did a major fund blow up? http://www.barclayhedge.com/research/indices/btopfx/

"Wikipedia"? I lived in China during both the 80s and recently, and remember the real estate market from both. (If you can even call the 1980s a "real estate market"... there were minimal so-called "commercial" residential properties in urban areas; that period was only the start of...

You have a pathetically poor understanding of both American and Chinese policies. The working assumption is that, after 70 years have expired, Chinese land-leases will be renewed at some % of property values at that point. The United States has something functionally equivalent to...

Two questions: 1) Does anyone know whether European mortgages are (typically) recourse? I.e., can the bank go after your other assets, or are they limited to claiming the property? 2) Can Europeans discharge their debts through a personal bankruptcy process, which is wiped off your record...

Duke and Duke! That's what I meant to say.

Commodities world is extremely different from the securities world. The regulator is the CFTC, not the SEC. I'm not a securities lawyer so I'm not qualified to tell you whether the guy stuck in the gorilla suit would've gone to prison... but I know the rules are very different...

I don't understand the wikipedia entry mention of "trading places" as an example of cornering the market. I thought Randall and Randall was just trying to trade on insider information before a USDA report on the orange crop (which I believe is legal).

Not quite. There are millions of kids waiting for their candy bars. Commercial buyers NEED their cocoa. There is a long history of fortunes being made and lost in cornering a market.