U.S. stock markets are rigged, says author Michael Lewis

Re:U.S. stock markets are rigged, says author Michael Lewis by AndrewBissell on Monday March 31, 2014 @01:13AM (#7499766)

What you describe above would be highly illegal.

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Re:U.S. stock markets are rigged, says author Michael Lewis by jamieabe on Monday March 31, 2014 @01:54AM (#7499880)

That's the whole point...Michael Lewis said he can't believe it hasn't been made illegal....5 years ago, during the financial crisis there was a good story on it in the New York Time and one of the Senators said they were outraged and he was going to change it, etc, and of course nothing ever happened.

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Re:U.S. stock markets are rigged, says author Michael Lewis by AndrewBissell on Monday March 31, 2014 @02:06AM (#7499912)

Are you saying that Goldman Sachs's brokerage division is transmitting information about its customers' orders to the GS prop trading desks before submitting them to the market?

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Re:U.S. stock markets are rigged, says author Michael Lewis by caoilte on Monday March 31, 2014 @04:35AM (#7500334)

Why wouldn't they be? They have an obligation to make money and the profits would be far greater than the fines even if they weren't running a revolving door with their regulators.

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Re:U.S. stock markets are rigged, says author Michael Lewis by jamieabe on Monday March 31, 2014 @02:14AM (#7499938)

No, I'm saying Goldman Sachs has computers located at the stock exchange that are programmed to trade based on order flow information.

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Re:U.S. stock markets are rigged, says author Michael Lewis by sseveran on Monday March 31, 2014 @02:35AM (#7500002)

So just like dozens of other firms?

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