I just finished building a budget pc to replace a dinosaur. I put the XP SP3 on and did a clean 'upgrade' to 8 Pro. After three days, I have to say I quite like it. I mostly use the desktop but flipflop to the metro stuff now and then too. Still a bit put off by lack of start button but I've not really gone too deep into the whole Win8 thing to find out all the short cuts and other features (I've not had to). BTW, my other OS on the machine is FreeBSD so hardly a rah rah MSFT guy. But I do think much of the hyperobole against it is misplaced.
Is the event tragic? Yes. So are many others. It is somewhat funny that the more the nannies try to control guns the more often we seem to have events like this. Even so, taking a look at any 10, 20 or 50 year period the odds of being kill in a mass shooting (ie, more than 2 or 3 dead) are infinitesimal. Frankly your children have a higher chance of being struck by lighting (or being killed in a car crash or getting cancer) than being killed by a mad (or otherwise) gunman. Of course, none of that is politically correct but maybe thats part of the problem too.
Wow.. you are a trove of disinformation. 25c spreads? Minimum? Really? Yeah maybe in 1960. 1/8ths were pretty common with 1/16 on either side depending on the stock.
If the market maker is quoting a price, then the liquidity for Alice and Bob is already there, by definition.
What people fear is not how narrow the spread is (though that is another discussion) nor how quickly an order can be sent or filled. What they fear is that THERE IS NO MARKET. A market is a place for investors to 'meet'. Non-investor participants (ie, traders) help to smooth out the peaks and troughs in the demand for any given financial instrument at any given moment. Making the 'spread' is a side benefit, the real advantage a trader has over the investor (in most cases and in the short time horizon) is they see the flow of interest - where the buyers and sellers are and can use that to make far more than the spread. HFT on the other hand is churn far in excess of any investor need.
HFT "traders" are at best 'pippers' - snipers who the parent poster correctly identified as not really adding anything for investors Alice or Bob but more correctly just stealing a penny from everyone they meet.
Lets get something clear here. There is only ONE market maker in any equity. Anyone else showing an interest is a participant NOT A MARKET MAKER, including you Mr. HFT. That you choose to show both sides (and not necessarily on the inside of the quote) is your own business but it does not make you a market maker. In addition, you are under no obligation (even woefully limited) price support and can hit the cancel button at any time. I remind you (and others) that exchanges functioned perfectly well for decades without you and clients did not have problems find liquidity. Unfortunately it is doubtful that any exchange keeps the moment by moment order book data for more than a limited time but it sure looks empty today more than a few pennies from the inside quote.
Bonds (cash) are not efficient due to the limited quantity of any one issue that is available for trade. Most cash bonds are taken and held by the buyers. The 7 7/8 JPM converts of 20 may be lovely to own but good luck finding many to trade. Bond futures are just as liquid as any equity market, if not more so.
Hey guy.. I have traded many markets (professionally) and quoted two way prices on demand to customers in several hundred million dollars so please dont ever try to lecture me on risk - and quite frankly what passes as a 'market maker' in the equities market is bs anyways as their obligation is fleeting and limited - and thats the 'official' ones at nyse. What you are talking about is non-retail churn. Let me cry you a river cause your bid got hit before you could cancel when Benny farted. HFT is the bane of markets. It has no positive attributes beyond short term gain for those involved at the expense of long term destruction of what once passed for markets.
So... exactly which of these exchanges are so new and unestablished they still need to give commission credits? NYSE? NASDAQ? Merc? Get off of it. There is no reason why you should get a credit for leaving a firm side. If anything, you take up resources by necessitating the tracking of that side. Honestly, you would be better off defending CDO^2
Yeah? And what about the liquidity credits? Thats most of what it is all about. HFT has not added to the market, rather it has destroyed the market. There is no incentive for anyone not of the HFT ilk to keep more than token orders in the system. HFT overwhelms any real (aka economic) based trading and trends. Look at the market stats for NYSE (the formatting will be bad, sorry!)
Month/Yr #days shares trades dollar value/day
Oct 2012 21 30,330 108,424 1,063
Mar 2009 22 87,578 330,783 1,778
Oct 2004 21 41,416 66,444 1,294
shares in millions, trades in thousdands and value in billions
I'll grant that I cherry picked the data but you can get the hysterical data here and look for yourself. The question for 2012 is whether HFT has finally run its course or whether the market is nearly entirely HFT. I suspect mostly the latter.
Compete with stolen technology? Israel is nothing more than a bunch of thieves who have been spying on the US and our defense industry since day one. Israel can barely keep their economy afloat let alone compete with the US defense industry. One thing that does not separate the Jews from their hated semite arab brothers is being braggarts.
Hello? Last I checked the companies EARNED the money and it was the GOVERNMENTS trying to steal it from them. Yes steal with the threat of violence if you don't hand the money over to them. Power to these companies for fucking the man.
yeah lets give more shit to Israel, they are such a great friend - if they aren't stealing our technology outright they are either losing it or selling it off.
my understanding is that one of the larger cable outfits wants to go into Fayston and "eastern" waitsfield but GMAVT/WCTC have had a hissy fit and are fighting it tooth and nail. If you recall the discussion a few weeks back about rural internet service, many of these outfits have sweetheart deals from the federal government that gives them substantial cash and it is structured so that they are best to maintain the status quo (someone gave a very good explanation of the money and (dis)incentives. One of these is that they are given exclusive "rights" to an area. Thus competition and alternatives for the customers are not available and the incumbent can offer as good or as bad a service as they like.
Nice people. They try hard. But. Their services are overpriced and not reliable. You are forced into a landline, like it or not, to get dsl. (that landline runs 17.50 plus about 7.50 in FCC garbage which is pretty much what Verizoff charges in other locations). The DSL service is marginal. What is described as 'up to 6 Mbps' is in fact.. (for me) below 3 as the data transmission is unreliable faster than that. Their cable service is.. dreadful? Often goes out of service for long periods.
While we all understand the economics of remote/rural telecoms, people should also keep in mind that Waitsfield Telecom has actively fought to keep other providers out of our service area. They could have competition but they have made sure they do not have it. The years of nobody else wanting to try to serve our area are gone over but as customers, we are denied those choices becasue it would likely mean the wend of Waitsfield Telecom.
but it quickly gets out of hand... can't wait to get back 14 of them for change at the toll booth. But this whole thing is pointless as the money 'saved' will be lost in inconvenience and then some. At roughly a penny per week per person, is it really worth it?
No sir, it is you. I just added the 'easyprivacy' filter to ABP, went to engadget and posted a comment in the thread about "Phoenix project reincarnates WebOS as Nexus S app" In fact, I left a message for you timed coincident with this post now.
I would look elsewhere for your problem as I have both Adblock and DNT. I have posted four or five times since the change over to the fugly version a week ago. Any problems I have had are related to script blocking which is noscript related. I have not changed any defaults in AdBlock.
Futures (and options) require an underlying of some kind - a physical or financial instrument like a stock or bond. Wagering (er.. predicting) what the NFP will be, or if the Israel will attack Iran have neither of those elements behind them. Once again, nannyism raises its ugly head (and claws)
I have used ion monkey for quite some time - I was running nightly ion-monkey builds before it was merged into the 'regular' nightly code. The speed up is at best minimal from a user perception except on really heavy js sites. And if anyone from the dev team reads this, there is a dreadful memory leak in the latest 20s.
"Having either DNT+ or AdBlock (with privacy filters) will stop the commenting system altogether."
Thats BS. What will stop the comment system is NoScript until you unblock aol and fyre. AdBlock and DNT are not the culprits and I have both on with no Engadget related exceptions.
technically for accounting purposes it may be but the reason behind these large figures is that the congress mandated that USPS prefund the worker pension and medical plans to the tune of $11B.
Aso to those calling for letting ups or fedex deliver the mail, good luck with that. It is debatable whether either firm could (or would) be able to scale to the size needed to deliver the amount of items the USPS handles each day - over 650 million. UPS does about 16 million.
and be replaced by the BSD license. What RH is doing is sickening and as another pointed out, very much SCO like. And lets not pretend that there is no software released under the BSD or similar license either (see PostgreSQL for one). While I loved Slackware for over a decade, one of the reasons I switched to FreeBSD was the GPL (and the legions of Stallman). It will be a very happy day when FreeBSD is rid of the last of remains of GPL.
It began with "hate" speech being a crime and now has metastasized into any thing said that might possibly hurt someone's feelings, somewhere, is a crime. Slippery slope? Nah...
Slashdot Mirror
I just finished building a budget pc to replace a dinosaur. I put the XP SP3 on and did a clean 'upgrade' to 8 Pro. After three days, I have to say I quite like it. I mostly use the desktop but flipflop to the metro stuff now and then too. Still a bit put off by lack of start button but I've not really gone too deep into the whole Win8 thing to find out all the short cuts and other features (I've not had to). BTW, my other OS on the machine is FreeBSD so hardly a rah rah MSFT guy. But I do think much of the hyperobole against it is misplaced.
Is the event tragic? Yes. So are many others. It is somewhat funny that the more the nannies try to control guns the more often we seem to have events like this. Even so, taking a look at any 10, 20 or 50 year period the odds of being kill in a mass shooting (ie, more than 2 or 3 dead) are infinitesimal. Frankly your children have a higher chance of being struck by lighting (or being killed in a car crash or getting cancer) than being killed by a mad (or otherwise) gunman. Of course, none of that is politically correct but maybe thats part of the problem too.
Wow.. you are a trove of disinformation. 25c spreads? Minimum? Really? Yeah maybe in 1960. 1/8ths were pretty common with 1/16 on either side depending on the stock. If the market maker is quoting a price, then the liquidity for Alice and Bob is already there, by definition. What people fear is not how narrow the spread is (though that is another discussion) nor how quickly an order can be sent or filled. What they fear is that THERE IS NO MARKET. A market is a place for investors to 'meet'. Non-investor participants (ie, traders) help to smooth out the peaks and troughs in the demand for any given financial instrument at any given moment. Making the 'spread' is a side benefit, the real advantage a trader has over the investor (in most cases and in the short time horizon) is they see the flow of interest - where the buyers and sellers are and can use that to make far more than the spread. HFT on the other hand is churn far in excess of any investor need. HFT "traders" are at best 'pippers' - snipers who the parent poster correctly identified as not really adding anything for investors Alice or Bob but more correctly just stealing a penny from everyone they meet.
Lets get something clear here. There is only ONE market maker in any equity. Anyone else showing an interest is a participant NOT A MARKET MAKER, including you Mr. HFT. That you choose to show both sides (and not necessarily on the inside of the quote) is your own business but it does not make you a market maker. In addition, you are under no obligation (even woefully limited) price support and can hit the cancel button at any time. I remind you (and others) that exchanges functioned perfectly well for decades without you and clients did not have problems find liquidity. Unfortunately it is doubtful that any exchange keeps the moment by moment order book data for more than a limited time but it sure looks empty today more than a few pennies from the inside quote. Bonds (cash) are not efficient due to the limited quantity of any one issue that is available for trade. Most cash bonds are taken and held by the buyers. The 7 7/8 JPM converts of 20 may be lovely to own but good luck finding many to trade. Bond futures are just as liquid as any equity market, if not more so.
Hey guy.. I have traded many markets (professionally) and quoted two way prices on demand to customers in several hundred million dollars so please dont ever try to lecture me on risk - and quite frankly what passes as a 'market maker' in the equities market is bs anyways as their obligation is fleeting and limited - and thats the 'official' ones at nyse. What you are talking about is non-retail churn. Let me cry you a river cause your bid got hit before you could cancel when Benny farted. HFT is the bane of markets. It has no positive attributes beyond short term gain for those involved at the expense of long term destruction of what once passed for markets. So... exactly which of these exchanges are so new and unestablished they still need to give commission credits? NYSE? NASDAQ? Merc? Get off of it. There is no reason why you should get a credit for leaving a firm side. If anything, you take up resources by necessitating the tracking of that side. Honestly, you would be better off defending CDO^2
I'll grant that I cherry picked the data but you can get the hysterical data here and look for yourself. The question for 2012 is whether HFT has finally run its course or whether the market is nearly entirely HFT. I suspect mostly the latter.
Compete with stolen technology? Israel is nothing more than a bunch of thieves who have been spying on the US and our defense industry since day one. Israel can barely keep their economy afloat let alone compete with the US defense industry. One thing that does not separate the Jews from their hated semite arab brothers is being braggarts.
Hello? Last I checked the companies EARNED the money and it was the GOVERNMENTS trying to steal it from them. Yes steal with the threat of violence if you don't hand the money over to them. Power to these companies for fucking the man.
yeah lets give more shit to Israel, they are such a great friend - if they aren't stealing our technology outright they are either losing it or selling it off.
my understanding is that one of the larger cable outfits wants to go into Fayston and "eastern" waitsfield but GMAVT/WCTC have had a hissy fit and are fighting it tooth and nail. If you recall the discussion a few weeks back about rural internet service, many of these outfits have sweetheart deals from the federal government that gives them substantial cash and it is structured so that they are best to maintain the status quo (someone gave a very good explanation of the money and (dis)incentives. One of these is that they are given exclusive "rights" to an area. Thus competition and alternatives for the customers are not available and the incumbent can offer as good or as bad a service as they like.
yeah ok, more big brother, goverment spying.. what ever could go wrong? easy pass has worked just soooo well for divorce lawyers right?
Nice people. They try hard. But. Their services are overpriced and not reliable. You are forced into a landline, like it or not, to get dsl. (that landline runs 17.50 plus about 7.50 in FCC garbage which is pretty much what Verizoff charges in other locations). The DSL service is marginal. What is described as 'up to 6 Mbps' is in fact.. (for me) below 3 as the data transmission is unreliable faster than that. Their cable service is.. dreadful? Often goes out of service for long periods. While we all understand the economics of remote/rural telecoms, people should also keep in mind that Waitsfield Telecom has actively fought to keep other providers out of our service area. They could have competition but they have made sure they do not have it. The years of nobody else wanting to try to serve our area are gone over but as customers, we are denied those choices becasue it would likely mean the wend of Waitsfield Telecom.
but that's probably not the answer you were looking for.
but it quickly gets out of hand... can't wait to get back 14 of them for change at the toll booth. But this whole thing is pointless as the money 'saved' will be lost in inconvenience and then some. At roughly a penny per week per person, is it really worth it?
No sir, it is you. I just added the 'easyprivacy' filter to ABP, went to engadget and posted a comment in the thread about "Phoenix project reincarnates WebOS as Nexus S app" In fact, I left a message for you timed coincident with this post now.
I would look elsewhere for your problem as I have both Adblock and DNT. I have posted four or five times since the change over to the fugly version a week ago. Any problems I have had are related to script blocking which is noscript related. I have not changed any defaults in AdBlock.
Futures (and options) require an underlying of some kind - a physical or financial instrument like a stock or bond. Wagering (er.. predicting) what the NFP will be, or if the Israel will attack Iran have neither of those elements behind them. Once again, nannyism raises its ugly head (and claws)
At least the quark gluon plasma at RHIC in the US: story
I have used ion monkey for quite some time - I was running nightly ion-monkey builds before it was merged into the 'regular' nightly code. The speed up is at best minimal from a user perception except on really heavy js sites. And if anyone from the dev team reads this, there is a dreadful memory leak in the latest 20s.
"Having either DNT+ or AdBlock (with privacy filters) will stop the commenting system altogether." Thats BS. What will stop the comment system is NoScript until you unblock aol and fyre. AdBlock and DNT are not the culprits and I have both on with no Engadget related exceptions.
Posted by timothy on Saturday November 17, @09:22AM
from the happy-transparency dept.
technically for accounting purposes it may be but the reason behind these large figures is that the congress mandated that USPS prefund the worker pension and medical plans to the tune of $11B. Aso to those calling for letting ups or fedex deliver the mail, good luck with that. It is debatable whether either firm could (or would) be able to scale to the size needed to deliver the amount of items the USPS handles each day - over 650 million. UPS does about 16 million.
I have to say these replies are precious. Nothing like seeing the true side of the linux/gnu/gpl/stallman fanboys.
and be replaced by the BSD license. What RH is doing is sickening and as another pointed out, very much SCO like. And lets not pretend that there is no software released under the BSD or similar license either (see PostgreSQL for one). While I loved Slackware for over a decade, one of the reasons I switched to FreeBSD was the GPL (and the legions of Stallman). It will be a very happy day when FreeBSD is rid of the last of remains of GPL.
It began with "hate" speech being a crime and now has metastasized into any thing said that might possibly hurt someone's feelings, somewhere, is a crime. Slippery slope? Nah...