Submitted by Joe Saluzzi via Themis Trading, Below is a letter that we think the stock exchanges should be sending to investors: Dear Investors, The last few weeks have exposed that our equity markets are not as liquid as we have long claimed mainly due to market fragmentation and the lack of diverse liquidity pools.
Hey there, flash boy.
Exchanges around the world are avidly wooing high-frequency traders, those controversial speed demons of Wall Street.
Despite the often explosive debate over this kind of trading in the U.S., bourses in Mexico, Turkey, South Africa and beyond are trying to lure HFT types to boost business.
The message is clear: whatever the perceived risks, algorithmic robot traders — algobots — are marching steadily across the globe.
NEW YORK (Reuters) - Bonuses at Wall Street firms will rise 15 percent this year despite ongoing pressure from investors, regulators and politicians about compensation levels, according to compensation-consulting firm Johnson Associates Inc.
“Wolf of Wall Street” may have just been a movie about out-of-control brokers but most of the action portrayed on the screen - stripper parties, dwarf tossing, cocaine binges and defrauding investors - happened in real life at the now-defunct firm Stratton Oakmont.
From trouble with securities regulators, to a failed high-stakes attempt to shake up the board at Wall Street giant JP Morgan Chase & Co. and a rising chorus of complaints they wield too much power — shareholder proxy firms appear to be under attack. Are these revered investor warriors losing their power to influence boardrooms and critical votes such as takeovers? Advisory firms meekly concede ‘maybe’, while the corporate community resoundingly says ‘no’. Securities watchdogs in the U.S.