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Where are the customer's yachts?


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#1 selecto

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Posted 18 May 2010 - 11:02 PM

May 19 (Bloomberg) -- Goldman Sachs Group Inc. racked up trading profits for itself every day last quarter.
Clients who followed the firm’s investment advice fared far worse. Story.

I also note that the largest HFT firm in the country, Tradebot, , which brags that it regularly
does 5%+ of all US stockmarket volume every day, has not had a loosing day in 4 years.

Just love this free market capitalism stuff. What a biz! <_<

#2 Rogerdodger

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Posted 18 May 2010 - 11:07 PM

Just love this free market capitalism stuff. What a biz!


It's amazing what a $994,795 campaign contribution did to promote "free markets." :bowtie:

#3 arbman

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Posted 18 May 2010 - 11:15 PM

They don't have clients or manage client funds though. They just built their own algorithm and it just grew. I cannot think any more capitalistic approach than this, of course a transaction tax would also end their business...

#4 Rogerdodger

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Posted 19 May 2010 - 12:17 AM

http://www.tradebotsystems.com
I guess we all just need more screens.
(He's looking for Maria to tell him what's going on.)
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