In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE's program trading.
Market Ticker comments:
The problem of course is that, at least on paper, market manipulation, irrespective of what form of parlor trick you choose to use, is a serious violation of the law. Of course these violations of the law have been ignored for so long that nobody seems to care any more, but the fact remains that should the public come to believe that the NYSE has turned into nothing more than a gigantic pump-and-dump scheme operated by a handful of banks trading between themselves with publicly-guaranteed funds the consequences could be catastrophic.So rather than stop it, the NYSE is doing what all good robber barons do - they're obscuring the data so nobody can see it any more.
The corruption and intrusion of the EU over here, meanwhile, hardly needs cataloguing in this post. One bright aspect is e-boarders, which seems to have backfired on itself.
Are you being an anti-themitist, Hob?
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