3/4 of stocks are held for an average of 20 seconds.

[uscitizen]

And only 1% of traders are generating 3/4 of the transactions on Wall street.

Yep those are investors and deserve tax breaks.

 

[Baruch Menachem]

1) where does this information come from
2) how does this relate to the issue you are discussing.
3)Do you even know what is going on here?


The reality of the 1% of traders doing most of the transactions might be a result of the Market Maker system that the NYSE uses in order to keep steady markets. They are providing a useful and very dangerous financially dangerous to them function.

You seem booth clueless and uninformed and we have no idea where your facts are coming from so we can asses their validity or veracity.

 

[uscitizen]

Just saw it on the nightly business report.
And the trades are made by algorythms(sp?) not humans.
They locate their trading center as close to the net entry point as possible in NYC so they have a 300 msec edge on Wall Street.


these puters are the ones driving our market now.

I have to wonder if they call it Skynet?

 

[Katzndogz]

And all those transactions might involve only one or two cents each.

 

[Baruch Menachem]

OH, your talking Quants.

Those are scary.

But again, they are large scale trades based on technical considerations and they, when they work, have the tendency to damp down market fluctuations.


When they break down, all hell breaks loose.

But again, I re iterate, you need to show sources, and what the hell you are talking about.

 

[uscitizen]

It will be on this site tomorrow. a one day lag.

NBR

If you just watched the Nightly Business Report you would know.
Or go to PBS.org and find the time for a showing in you area, still time to catch is since you are 3 hours behind me.

Interesting stuff on this topic.

 

[usmcstinger]

Just saw it on the nightly business report.
And the trades are made by algorythms(sp?) not humans.
They locate their trading center as close to the net entry point as possible in NYC so they have a 300 msec edge on Wall Street.


these puters are the ones driving our market now.

I have to wonder if they call it Skynet?

Looks like you are not capable of finding how words are spelled.

This electronic trading has been around for quite some time.
Once again, you exhibit your lack of knowledge. Sounds like you are a member of the "Ritalin Generation".

The NASDAQ was developed in 1971 as the first electronic stock exchange in the world.

For most of Wall Street's history, stock trading was fairly straightforward: buyers and sellers gathered on exchange floors and dickered until they struck a deal. Then, in 1998, the S.E.C. authorized electronic exchanges to compete with marketplaces like the New York Stock Exchange. The intent was to open markets to anyone with a desktop computer and a fresh idea. High-Frequency Trading - The New York Times

 

[theHawk]

And only 1% of traders are generating 3/4 of the transactions on Wall street.

Yep those are investors and deserve tax breaks.

Yes, these are those computers that trade in large volumes when a stock goes up or down a fraction of a cent.

In my opinion that crap needs to be shut down. That is not real investment.

 

[whitehall]

Reminder to the socialist left. #1 People who work in Wall Street are generally smarter than politicians. #2 every pension system public or private is invested in the Stock Market and most are doing fine despite efforts by the left wing politicians to sabotage capitalism.

 

[uscitizen]

Most pension systems are now 401K's

 

[Rocko]

misleading. Research high frequency traders.

 

[Jos]

You don't really own the shares you think you own

All the stocks and bonds you think you own are actually owned by a company you've probably never heard of, a company owned by the same people who own the US Federal Reserve.

Originally paper stocks certificates were issued as evidence of ownership by companies to investors purchasing shares. But as trading volume exploded in the late 60's this manual system didn't scale. As an increasing number of trades failed due to paper processing backlogs The New York Stock Exchange took the unprecedented steps of closing on Wednesdays in 1968.
In response to the crisis The Central Certificate Service (CCS) was created to electronically settle trades and eliminate the need for share certificates. Although intended as a temporary measure, it is still with us.

Financial assets purchased today aren't registered in your name; rather they are held in what's known as street name. Regardless of the assets purchased or the broker used, this name is almost always a successor of CCS, namely The Depository Trust & Clearing Corporation (DTC), or some anomalous sounding variant of "Cede & Co".

Holding assets in excess of $40T (yes, trillion), DTC is the single largest private trust in the world - in fact the largest company you've probably never heard of.

You don't really own the shares you think you own | MetaFilter

 

[dilloduck]

And only 1% of traders are generating 3/4 of the transactions on Wall street.

Yep those are investors and deserve tax breaks.

Yes, these are those computers that trade in large volumes when a stock goes up or down a fraction of a cent.

In my opinion that crap needs to be shut down. That is not real investment.

Right On. Humans should be made to do their own gambling.

 

[Rocko]

One thing should be said. Just because these high frequency traders are dominating the volume, does not mean investers are few, and more importantly should pay higher taxes.
r
Besides paying high taxes as is, they have to pay a commission, clearing costs, ticket charges, miscellanous fees, mark-downs mark-ups, etc......

Making money as an investor is not an easy thing, in part because everyone skimming off of what you have.

 

[iamwhatiseem]

The stock market would be little different if it was ran by Las Vegas casinos.
It hasn't been about tangible asset/revenue valuation for 20 years. It is now based on whatever people are willing to drive it up to.
Nah...no possibility of corruption in that.

 

[konradv]

And only 1% of traders are generating 3/4 of the transactions on Wall street.

Yep those are investors and deserve tax breaks.

1%!

 

[Hughes]

And all those transactions might involve only one or two cents each.

Like in Superman 3, or Office Space. But to be fair, Office Space totally ripped off that idea from Superman.