Sniperfish

Buy the rumor, sell the news

Think of short as a negative share position. To close it out, buy the shares in the market at the (hopefully lower) price. You've (1) sold at a higher price and (2) bot at a lower price - profit is the difference.

Mechanically, the negative share position is achieved by borrowing shares to sell. This carries an obligation to give 'back' the borrowed shares, which is satisfied when you buy in the market.

What good is a vote if the choices aren't honestly presented?

For us, the most frequent issue on our land line are out-of-country calls (so out of jurisdiction) trying to sell duct cleaning services. We've gone as far as booking a couple of appointments to identify the local businesses that use these providers, but nothing comes of the reports. Where the origin is foreign, there are still avenues for domestic enforcement but authorities appear uninterested - to me this is an easy way to increase the effective cost of foreign call centers that don't obey local laws.

Very interesting content and I hadn't encountered it before, but can we get a (2016) tag as it's not 'new'.

Or 3) convince the other side's believers to stay home

Re. the number of machines, it's something I've encountered as an obstacle from a fair proportion of people I've spoken about password managers to. I think its more a perceived issue than a real one.

Just spitballing which systems I would realistically want access to passwords on, at a minimum, includes: personal desktop, personal laptop, tablet(s), cellphone(s), family (parent, sibling, in-laws, etc) computers, office desktop, office laptop.

In my case (many cases?), the latter two prevent software installation, so I would need to manually type from a manager synced on my cell. Which really is no different to what is required for 2FA - just a longer character string. Overall, a some setup and synch related inconveniences but not to a damaging degree, which is why I think this is more a matter of perception - once you think through where you're typing passwords it appears less of an obstacle.

Nix says Oakes attended UCL “in a private capacity.”

I have no idea what this means, which is - I suppose - the point?

I disagree, there are competitors for almost all the non-internally created datasets which implies the streams are available outside the Terminal.

IMO the network effect is the biggest thing to break and that would need to begin with the buy-side. If Pension Manager XYZ with $N trillion AUM uses Bloomberg then you can be damn sure so does anyone wanting to do business with them.

There's a 'joke' in my office, we have someone who circulates key headlines in a morning email because we all have electronic access to a slew of newspapers which means none of us read any of them.

Related, I renewed a print subscription to The Economist after spending the last ~5 years as a digital-only subscriber. I read so much more of the content when it's a physical item than by picking the articles with 'interesting' headlines.

In Canada it's not uncommon to see the seniority of Director and VP reversed (Director being the more senior)

PC reading, I've not tried it on mobile, but I always enjoy the layout / setup of the Gates Notes. Very clear to read and navigate.

The parent article links to Assange's comments after meeting with Schmidt "Google is Not What it Seems" [1] which has some interesting discussion of the links between Google's senior level and politicians. Published yesterday, I don't recall seeing it linked.

[1] http://www.newsweek.com/assange-google-not-what-it-seems-279...

Absolutely. The reputation of a suspect should not be grounds for erosion of their rights.

Nothing within that suggests Tor has been cracked but highlights that enforcement agencies do not need to crack Tor if other elements of the infrastructure (Flash, Firefox) have vulnerabilities.

The common definition of a hedge fund I encounter is they're designed to earn an absolute rate of return regardless of how the border markets are performing.

There are so many strategies (even down to use of derivatives, leverage, shorts, etc) employed by HF managers to achieve this that defining the HF industry by strategy doesn't seem viable.

Speculation only, but I'd expect the relative size and scope of the financial industry today vs 1913 to explain that difference.

As in it's easier to earn $1.5bn within 2013's financial industry than it would have been (inflation adjusted) in 1913.

It's a loaded question. How do people develop interest in a subject? What road-blocks do they encounter from a young age through school and entering the workplace? I've not seen any study that suggests given similar influences women are less interested in technology than men.

I've used waramps key tags since I was introduced to them 6 years ago. I'd like to think making it easy to return lost keys is enough to encourage their return, but the reward offer and support for other devices strikes me as a good idea for high value items.

As a gentle introduction to viewing code snippets and reading variables this is exquisite

Loved reading this. Some incredible reasoning, even being shown the answer there are multiple stages I can't follow the reasoning that allowed them to progress. Kudos, respect, and jealousy!

I agree, I also do not think that automatically subscribing those who agree to future mailings ("Free Press will contact you about future campaigns.") is a good way to garner good will from the audience this banner would target.

Genuinely curious, what is the evidence to support this claim? Why do you think massively low latency trading speed is required for ETFs to exist?

Retail orders are generally routed to markets using a SOR and do not overage 100% of the full order. There are latency differences between exchanges / ATS'. If you are very fast is possible to post passively on multiple venues and exploit those latency differences to assume if you see a small ping on market x there is more behind it. You can gain book position and the spread with this information, if you are fast.

Thus assuming that someone else will always pay the spread. Tragedy of the commons ensues.

But this whole article seems to be written for retail investors. And as much as HFTs may sound scary for retail traders they make their money off institutional trading. So the larger impact to retail flow is from the response Institutional desks are forced to take to ensure they are not disadvantaged by HFTs, which then affects how institutional and retail flows are able to interact.

Ultimately a 1000 APPL.US order will get filled and who pays the $0.01 spread is largely academic as it is an inconsequentially small part of the total settlement $ paid.

Nanex explains this stuff better than I will so I'm just going to link to their research (tl;dr summary of [1] below). I will accept not all HFT participants are obligated to follow any or all of these behaviours, but they are argued in defence of all HFT activity which is patently not true.

1. They Provide liquidity, false. Or at least works on a definition of liquidity that is not what would generally be used by other market participants (institutional or retail) - specifically see pinging or using orders to determine interest [2]

2. Tighten spreads, false. Attributable in the largest part to reg NMS not directly to HFT. Spread volatility has increased.

3. Lower costs, false. Cheap trading available via discount brokers before HFTs and additional costs to other market participants operating in HFT innundated environments are ignored.

4. Studies showing positive of HFT cherry pick and are of inconsequential detail, no conclusions should be drawn without deeper analysis of the data

5. Nannex guys just have an axe to grind repudiation

Plus ignores any other negative side effects of super-high speed trading such as stock specific flash crashes, data overload, and locked / crossed markets. Appreciate some of those can also be attributed to the proliferation of protected markets post Reg NMS.

[1] http://www.nanex.net/aqck2/4594.html [2] http://www.nanex.net/aqck2/4592.html (appearing to violate SEA 9.a.1.A)

"The proposed bill would bar all other auto makers from bypassing franchised dealers to retail cars"

A potentially adequate solution for Tesla that offers no change or threat to the status quo to assist future industry challengers? If my reading is correct I am disappointed.

I agree that 'how do placebos work' is an ongoing and intriguing question.

However homoeopathy is not presented as a placebo-based treatment. The site assesses homoeopathy on its merits as presented by practitioners and supporters of homoeopathic treatments having incremental medicinal benefits. Of which there have been no appropriately controlled and reviewed studies with reproducible results. Placebo here is the 'base case'.

I submit that the question was treated with an entirely appropriate degree of respect.

I was worried, then amused.

Unfortunately - given the OP article - through misuse of antibiotics the consumer of homeopathic treatments is playing lottery with more than just their health. A lottery where the losers also cause society to lose.

"Antimicrobial resistance (AMR) is resistance of a microorganism to an antimicrobial medicine to which it was originally sensitive....The misuse of antimicrobial medicines accelerates this natural phenomenon."[1]

[1] http://www.who.int/mediacentre/factsheets/fs194/en/