Book description
The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijacked by high-powered interests at the expense of investors and the entire capital-raising process. A small consortium of players is making billions by skimming and scalping unaware investors -- and, in so doing, they've transformed our markets from the world's envy into a barren wasteland of terror.
Since these events began, Themis Trading's Joe Saluzzi and Sal Arnuk have offered an unwavering voice of reasoned dissent. Their small brokerage has stood up against the hijackers in every venue: their daily writings are now followed by investors, regulators, the media, and "Main Street" investors worldwide. Saluzzi and Arnuk don't take prisoners! Now, in Broken Markets, they explain how all this happened, who did it, what it means, and what's coming next. You'll understand the true implications of events ranging from the crash of 1987 to the "Flash Crash" -- and discover what it all means to you and your future. Warning: you will get angry (if you aren't already). But you'll know exactly why you're angry, who you're angry at, and what needs to be done!
Table of contents
- Title Page
- Copyright Page
- Dedication Page
- Contents
- Foreword
- Acknowledgments
- About the Authors
- Introduction
- 1. Broken Markets
- 2. The Curtain Pulled Back on High Frequency Trading
- 3. Web of Chaos
- 4. Regulatory Purgatory
- 5. Regulatory Hangover
- 6. The Arms Merchants
- 7. It’s the Data, Stupid
- 8. Heart of Darkness
- 9. Dude, Where’s My Order?
- 10. The Flash Crash
- 11. The Aftermath
- 12. Killing the Stock Market That Laid the Golden Eggs
- 13. Call to Action
- Appendix. Themis Trading White Papers
- Index
- FT Press
Product information
- Title: Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio
- Author(s):
- Release date: May 2012
- Publisher(s): Pearson
- ISBN: 9780132875288
You might also like
book
Opportunity Investing: How to Profit When Stocks Advance, Stocks Decline, Inflation Runs Rampant, Prices Fall, Oil Prices Hit the Roof, … and Every Time in Between
“A guide that will turn readers into smart and savvy investors. Appel, author of several successful …
book
The High Frequency Game Changer: How Automated Trading Strategies Have Revolutionized the Markets
The financial industry's leading independent research firm's forward-looking assessment into high frequency trading Once regarded as …
book
The Big Trade: Simple Strategies for Maximum Market Returns
A powerful, profitable, and elegantly simple system for traders Markets can be extraordinarily complex, and unfortunately …
book
Profiting with Synthetic Annuities: Option Strategies to Increase Yield and Control Portfolio Risk
Options-based “synthetic annuities” give investors the ability to generate higher returns, provide better downside protection, and …