Posts Tagged ‘Elon Musk’

Notes From Underground: Be Vigilant, Very Vigilant

February 26, 2019

Today, I am writing this for all traders and investors. For many years I have been concerned that the market is sometimes plagued by headlines that create volatility as algos react to six words crossing the wire, only to be completely out of context when the article is published. But the damage is done. Most actors in the investment arena are unaware that MOST data releases and FED documents are provided to the media roughly 30 minutes early so that they can get their headlines and stories written for the scheduled time. My problem is that this antiquated methodology OUGHT to be extinguished because trades and information move in nano seconds rather than on Telex rollers as financial news was reported when this policy was enacted. When high frequency trading groups are spending millions of dollars to get edges in micro seconds it is certainly time to say goodbye to long-held operations.

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