Wednesday, 2 April 2014

Michael Lewis Doesn't Like High-Frequency Traders
'Big HFTs like Knight/Getco and Virtu trade vast volumes of stock while still taking in much less money than the traditional market makers: $688 million and $623 million in 2013 market-making revenue, respectively, for Knight and Virtu, versus $2.6 billion in equities revenue for Goldman Sachs and $4.8 billion forJ.P. Morgan. Even RBC made 594 million Canadian dollars trading equities last year. The high-frequency traders make money more consistently than the old-school traders, but they also make less of it. '
{http://www.bloombergview.com/articles/2014-03-31/michael-lewis-doesn-t-like-high-frequency-traders}
& covered again in Margin Revolution
{
http://marginalrevolution.com/marginalrevolution/2014/04/matt-levine-on-michael-lewis-and-hft.html}

The 25-Year-Old at the Helm of Lonely Planet
{http://www.outsideonline.com/adventure-travel/The-25-Year-Old-at-the-Helm-of-Lonely-Planet.html?curator=MediaREDEF}

Why homeopathy is nonsense, that's put that one to bed...
{http://www.economist.com/blogs/economist-explains/2014/04/economist-explains}

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