By Sal Arnuk,Joseph Saluzzi
The markets have developed at breakneck pace in the past decade, and alter has speeded up dramatically seeing that 2007's disastrous regulatory "reforms." An unrelenting specialise in expertise, hyper-short-term buying and selling, velocity, and quantity has eclipsed sanity: markets were hijacked by way of high-powered pursuits on the rate of traders and the complete capital-raising strategy. A small consortium of avid gamers is making billions via skimming and scalping unaware traders -- and, in so doing, they have reworked our markets from the world's envy right into a barren wilderness of terror.
Since those occasions all started, Themis Trading's Joe Saluzzi and Sal Arnuk have provided an unwavering voice of reasoned dissent. Their small brokerage has stood up opposed to the hijackers in each venue: their day-by-day writings are actually by way of traders, regulators, the media, and "Main highway" traders around the world. Saluzzi and Arnuk do not take prisoners! Now, in Broken Markets, they clarify how all this occurred, who did it, what it potential, and what is coming subsequent. you will comprehend the real implications of occasions starting from the crash of 1987 to the "Flash Crash" -- and realize what all of it ability to you and your destiny. caution: you'll get offended (if you are not already). yet you will understand precisely why you are indignant, who you are indignant at, and what should be done!
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Additional resources for Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio
Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio by Sal Arnuk,Joseph Saluzzi