‘The Equity Market Is A Rigged Casino’December 2, 2011 3:55 am
We have heard this before, the fact that the market is not fair and efficient, but that there are some players with a significant edge over others – the players that can colocate servers, and can also do flash trading, for example. Our understanding of flash trading is this: you can see the order book for a second. wow.
We had spotted multiple OWS stats before. We spotted an article on Reddit today, by a person who says “I work in Wall Street and work in hedge fund analysis. I’m the only person in my office who supports OWS”. Here is the summary:
Hedge Funds are better equipped and networked to tap information faster, get beneficial transaction rates, have access to more financial products to trade in, are run with tonnes of tax and regulatory exceptions etc. The summary is this:
“The finance industry funnels money from the masses to the ultra rich, through vehicles like hedge funds which dominate all of the financial markets.”
we couldn’t agree more.