"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Tuesday, November 27, 2012

"High-Frequency Trading or HFT or HHHFFFTTT - For The Sound Of Your Pension Evaporating"

For a break from all the seriousness we go to the November 14th edition of the Colbert Report.  He covered a segment on HFT which no doubt has its moments but also causes some pause as one considers how very little this audience knows about the rabbit hole of "Expert-networks", order types, fee structures, etc.  Aside from the very serious and very real problem being caused by for-profit exchanges catering to bad HFT with the use of order types only discoverable through the age old method of having a drink with some power individual, this audience I assure you has no idea the magnitude of problem they are laughing at.

(h/t @MichaelKardous)

Just to top things off.....