http://roylat.com/2009/07/why-im-discouraged/ Commentary on a Mixed Up and Sometimes Backward World Thu, 02 Sep 2010 18:12:04 +0000 hourly 1 http://wordpress.org/?v=abc http://roylat.com/2009/07/why-im-discouraged/comment-page-1/#comment-203 The Amazing World of High Frequency Trading – You Lose! | Roylat.com Sun, 12 Jul 2009 16:18:11 +0000 http://roylat.com/2009/07/why-im-discouraged/#comment-203 [...] I wrote last week about the high level of program trading, notably by Goldman Sachs. The details on this trading are emerging fast in the blogosphere, and it won’t be long until it hits the mainstream. There is a war going on among competing firms, using computers and inside order information, to capture the immense profits possible.  To get a sense of the scale, Goldman Sachs earned $25 billion in 2007 on program trading. A student of the field estimate that they will make $26 billion this year. This is not chicken feed, even in today’s trillion dollar world. [...] [...] I wrote last week about the high level of program trading, notably by Goldman Sachs. The details on this trading are emerging fast in the blogosphere, and it won’t be long until it hits the mainstream. There is a war going on among competing firms, using computers and inside order information, to capture the immense profits possible.  To get a sense of the scale, Goldman Sachs earned $25 billion in 2007 on program trading. A student of the field estimate that they will make $26 billion this year. This is not chicken feed, even in today’s trillion dollar world. [...]

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