Wednesday, June 29, 2016

Farage At The EU

I think it was Farage's intention to outrage the members so that he would cut the ground from anyone who wanted talks to go slowly and in a friendly way. He doesn't want any backsliding.
That, and he wanted to say what the then German Chancellor said eighty-odd years ago 'They laughed at me, and they're not laughing now’.

And I think he wanted to savour saying it precisely because Hitler said it. That isn't fanciful. He "marched through a quiet Sussex village very late at night shouting Hitler Youth songs..."

Letter from a teacher when Farage was at Dulwich College

Dangerous man.

Saturday, June 18, 2016

IEX Stock Exchange Defeats Skimmers

First, a definition:

What is a 'Payment For Order Flow'?

A payment for order flow is the compensation and benefit a brokerage receives by directing orders to different parties to be executed. The brokerage firm receives a small payment, usually a penny per share, as compensation for directing the order to the different parties.

Quote from The Verge article
"This evening the Securities and Exchange Commission approved an application by a startup called IEX to become a full-fledged stock exchange. By approving IEX, the SEC was giving its stamp of approval to one of the most high-profile challenges to the current Wall Street regime. Co-founded by a Canadian trader named Brad Katsuyama, IEX is designed to be a market free from high-frequency traders who use their speed to skim profits off the orders from ordinary citizens."

Full Article: