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Wall Street

Stock Market Today

Wall Street News: 5 Things to Know Before the Market Opens

Wall Street news today, May 5, 2014: U.S. futures were in the red on Monday morning after new data indicated that Chinese manufacturing decreased for the fourth consecutive month in April. On Friday, all three major indices slipped after April's jobs report indicated erosions in the workforce participation rate.

Here’s the other news moving markets in the stock market today.

Wall Street

How the SEC Profits from High-Frequency Trading

"The markets are not rigged."

That's what U.S. Securities and Exchange Commission Chairwoman Mary Jo White told a House of Representatives panel on Tuesday.

She went on to say, "The U.S. markets are the strongest and most reliable in the world."

Of course she's right. The U.S. markets are the strongest and most reliable in the world.

But she's either blind or deluded if she doesn't know they are also rigged...

Wall Street

How High-Frequency Traders Use Dark Pools to Cheat Investors

High-frequency trading (HFT) has an evil cousin: dark pools.

While dark pools are not inherently bad, the abuse of dark pools by the high-frequency traders has created a whole series of problems that can harm both large and small investors.

You're either the predator or the prey...

Wall Street

Get Ready for Earnings Season – Wall Street's Quarterly Shell Game

It's earnings season. And for company players, the game is about trying to beat analysts' estimates, to get your company's stock to pop so you look better than your reflection.

But the game is rigged. And like high-frequency trading and so many other "institutionalized" games on the Street that are sucking the life out of other people's dreams, it's not illegal.

Here's how earnings are manipulated, and why it should be stopped...

Wall Street

Why You Need to Read Michael Lewis' New Exposé

No doubt you've heard about Michael Lewis' new book, "Flash Boys."

And, no doubt you've been hearing more than ever before about the subject of Lewis' book, high-frequency trading (HFT).

I ran to Barnes & Noble to buy the book the second I heard about it last week. They didn't have any copies. So, I ordered it online, which was cheaper anyway.

And now he has a confession to make...

Wall Street

The Real Reason the Stock Market Is Rigged

Everyone's talking about Michael Lewis' latest book Flash Boys and HFT (high-frequency trading) and whether the markets are rigged.

What they're not talking about is how the markets have been set up for institutionalized rigging.

I'm not kidding.

The markets are rigged. You're going to have to get over it and deal with it.

The rigging is in the system and that's just the way it is…

As to HFT, I'll get to that...

Wall Street

IEX Exchange Short-Circuits Wall Street's HFT Cheaters

Chalk one up for the good guys.

The IEX exchange, a new stock platform that launched Oct. 25 of last year, was designed to negate the advantage that Wall Street's high-frequency traders have over everyone else.

are reacting in a most peculiar way...

Wall Street

What High-Frequency Traders Actually Do

High-frequency trading is fundamentally based on how market participants (for this discussion I'm talking about stock markets) place their orders to buy and sell shares and how HFT players act on those orders.

For every stock that's traded there is always (or at least it used to be "always") a "bid" and an "ask" price. Sometimes you'll hear the term "offer" or "offered" price, those terms are interchangeable with the term "ask" or "asking price."

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Wall Street

What's Next for This Bull Market Will Give Main Street Investors a Rude Awakening

So far today U.S. stocks aren't celebrating the 5-year anniversary of the bull market, which technically speaking began on March 9, 2009.

Will they rally by the end of the day, in a formal salute to moving onwards and upwards?

Hot Stocks

Why Wall Street Would Love to Bug Our Phones

Every month or so, Keith Fitz-Gerald, Shah Gilani or a few of the other editors here at Money Map Press will wonder aloud if the big Wall Street investment banks have secreted a bunch of listening-device "bugs" in our offices or on our phones.

They haven't, of course. And our comments were made in jest – and meant only as a joke.
But the coincidences that prompt these surveillance-by-Big-Brother quips can be quite remarkable.

Let me share a brand-new story that shows you what I mean….

Let me share a brand-new story that shows you what I mean....