Peter + Voronezh. Double Strike))
My seminars in St. Petersburg and Voronezh 22-23 мая Double Strike ;) Well, that's it… 2 вышеупомянутых города в…
stock exchange
Excerpts from the speech of the head of the CME
CME chief Terry Duffy speaks to U.S. House Commitee on Financial Services in relation 1000 firing on a preschool educational institution.
For the last 4 of the day, the exchange conducted a detailed analysis of the activity 6 May. Preliminary analysis showed, that the CME functioned without disruption. Erroneous trades in the futures markets, that could break the spot dust,not found. Also, no one among the participants in futures transactions reported erroneously executed trades; no trade was canceled as a result of the trades 6 May.
The Market Regulatory Department reviewed a huge amount of activity during the mentioned period, which contained more 3 millions of system messages and in particular those users, who were active in this period. The department did not find any anomalies on the part of market participants.
This is once again confirmed by the fact,what I wrote about earlier. I.e, NYSE suspended trading for 1.5 minutes( LPR), while other exchanges do not have this rule, including electronic, which created violations in the spot market
Continuing yesterday's shock
It seems to me, that NYSE is guilty to one degree or another for yesterday's collapse.
Let's say there was still a big seller for 16bn in futures yesterday. What does this volume lead to?? Of course, a large seller will lead to, that there will be a programmed sell signal on the arbitrage strategy SPX spot and futures, when arbitrage robots will sell shares in a basket in 500 Shares. It turned out to be such a discount on futures before stocks, that it seems that all robots of large houses simultaneously launched sell programs for shares, and each house has its own limits and thresholds for the volume of positions. Usually, this delta between spot and futures does not fluctuate so much., so that the programs run in such a cascade.
In this way , these are echoes of the old NYSE AND NASDAQ war.
In general, I am in favor of the consolidation of exchanges by asset type. There is no need to have multiple exchanges in one country, trading the same instrument. Create fragmentation, arbitration and technical issues.
And so, in principle, the fall should have happened and it happened. As always, there are external factors, which create a domino effect. If it's too sunny, then something is sure to happen. The market does not forgive complacency!!!!
Due to an unknown error, the US market for 15 more minutes lost $1 trillion
Wall Street trading yesterday, undoubtedly, will be included in history textbooks under the title of the next “black thursday”: in a few minutes, the Dow Jones fell by almost 1000 points, index S&P 500 lost immediately 8,6%, the newspaper writes “Vedomosti”. According to Wilshire International, doing statistics on Wall Street, behind 15 minutes the market lost more than 1 trillion dollars. “It was the largest drop in the Dow Jones industrial average in its history.”, – notes CNN Money website. News, concerning Greece and the passivity of the ECB, have already been won back by the market to 14.42 local time in the USA, when the index suddenly peaked. TO 14.47 Dow Jones Industrial Average fell to the level of 10 000 points, having lost 998,5 item. Prior to that, the most significant drop in a day in the history of the index was 29 September 2008 of the year, when the Dow Jones flopped on 777,68 item.
The fable about the stock exchange and its ideological department.
American futures markets. Intraday. Stops above / below local minimums on minutes / seconds — this, practically, accumulations of openly lying money. Moved the market up a couple of millimeters, bent down, raised bills — in pocket, pushed the market down an inch, bent down, raised bills — in pocket. Who collects? Unambiguously, not intraday traders. Maybe, the exchange itself. Or, as Maitrade calls it — “кукл”. :)
How not to bend over, if money is lying, practically, underfoot — just take a step to the left, step right…..
But you get used to good things pretty quickly.. And it even becomes too lazy to bend over and take a step to the right / left. Why don't traders just put money in the pocket of the exchange / doll — come on, stop no more 5 cents for stocks and no more than 2 ticks for futures — who puts more, that sucker — we will inspire it to beginners — the more deals, the greater the expectation…. And we will take brokers as allies — we play only on ticks, for weeks only suckers and investors play because you will get a teaspoon of commissions from them a month, and normal guys pay with every tick.
With an increase in the timeframe behind the stops, it becomes more difficult to bend, and often an order is received for unidirectional movement, therefore, you have to see off the distant accumulation of stops with an envious glance — do not reach. On this occasion, a reprimand to the ideological department — who else dares to play on the days / weeks?…
Why you don't need to go to trading
Recently spoke with a friend, told him about, that I trade on the stock exchange. He became interested, and as soon as I explained, how everything is in reality - wilted and lost all interest. Pleases, what man was saved, even though the money is not about ...
And then it dawned on me. Need to explain to all newbies, what are they going to. A lot of people know, what the profession of a trader gives money, but few, who suspects, what the stockist has to go through at the beginning of the journey.
I decided to write a short essay “16 reasons, by which you should not become a trader ".
Here they are:
1) You have no idea, what are you going for. Your path will be strictly individual, and few people can help you
2) You can learn this about yourself ... about such traits… these discoveries, probably, will shock you
3) You are unlikely to experience this amount of stress anywhere else.
4) You will have to compete with the best minds on the planet every second.
5) Trading - export work, not giving all the best, you won't make money here
6) As soon as you relax, the market will immediately try to fuck you
7) It takes a long time, to adjust, find your style and start earning
8) The market is constantly changing, you have to be on the move and adapt
9) Reaching the "top" and fixing there is impossible. Here, like on an escalator – or you move, or falling down.
10) Few people will be able to understand you, only other traders. A bunch of people will try to lead you astray. Only very confident people will make it to the end
11) You will need support anyway. If you don't have a person in your life, who helps in a difficult situation - mom, dad, sister, brother, wife or husband - you are unlikely to succeed
12) You must have a money airbag, earnings may not be more than a year
13) You cannot trade alone - only in a team you will not break. Creating such a team is not easy
14) You will have to learn to completely relax and rest. This work will be exhausting, and suck out most of the strength. Do not learn to rest - you will lose
15) This is not a game, and serious work - this is where seriousness and a business approach are needed
16) Only 5-10% of novice traders will achieve real success
If only this part of the pitfalls scares you - do not become a trader.
If scared - the market will make you an omelet.
"This work will make you either a paralytic or a millionaire" My aphorism.
If all this did not confuse you, but only sparked interest - full speed ahead.
Think, you will break through!
Даешъъъъ!!!!!!!!!!
Trading schedule:
Start of the trading day – 6:00.
End of the trading day – 18:00.
The trading session is held from 6:30 to 18:00.
& quot; With the introduction of a new operating mode, the trading session time on the exchange will increase from 6,5 to 11,5 hours. And with the launch of the derivatives market, we plan to switch to a 24-hour trading mode, – comments the Chairman of the Board of the Ukrainian Exchange" Oleg Tkachenko. – We are confident, that both professional market participants and private investors will positively perceive this innovation, because now they will be able to trade almost around the clock ".
Movies about traders
1. Boiler room (Boiler Room) 2. Swap places (Trading Places) 2. The Pursuit of Happyness (The Pursuit of Happyness) 3. Ask Cindy (Good Advice) – with big reservations! 4. Werewolves of wall street (Wolves Of Wall Street) 5. Prison exchange (Buy&Sell) 6. Person, who destroyed Britain (The Man Who Broke Britain) 7. Traders (Traders) – soap opera 8. Wall Street Wars (Wall Street Wariors) – documentary series 9. Bear hunt (our film) 10. Someone else's money (Other People`s Money) 11. Scammer (Rogue Trader) 12. Wall Street (Wall Street) September release 2 parts of the film (Wall Street: Money Never Sleeps)
ECN – Electronic Communication Network
Electronic Communication Network (ECN) - an electronic system for the implementation of transactions for the purchase and sale of exchange commodities, which tries to eliminate the role of intermediaries. ECN connects leading brokers and individual traders with each other, so they can trade directly, bypassing the exchange mechanisms of intermediaries. Content : Introduction History of ECN Regulation ECN Feature Description Advantages of ECN Source of income ECN Disadvantages of ECN ECN Commission The most profitable routes […]
Nicholas Leeson / Nicholas Leeson
Few things happened in the 1990s, who excited the world just as much, like the collapse of British bank Barings at the end of February 1995 of the year. What shocked the most was, that the bank, whose history included 233 of the year and who was entrusted with their money by representatives of the aristocracy and the royal family, collapsed as a result of overt and covert speculation by a single person - 28-year-old trader Nicholas Leeson (Nicholas Leeson). His self-confidence and passion for risk taking, as well as the greed and stupidity of his bosses, That, admiring the "sky-high" profits, turned a blind eye at the subordinate's scams, deprived the bank 850 million. pounds, killing the investment empire overnight, whose strength seemed unshakable. The story of the Barings collapse is extremely instructive, because it is not only the “quintessence of morality” of modern financial markets, but also a clear picture of that, What are the dire consequences of ineffective financial risk management?. IN 1996 year, being in prison on charges of forgery and deception, Leeson publishes his autobiography "Rogue Trader" ("Rogue trader"), where he spoke in detail and frankly about his deeds.