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Mondays with Mike August 6 th , 2012. Presenters: Michael Malone & Chris Rowland.
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Mondays with MikeAugust 6th, 2012 Presenters: Michael Malone & Chris Rowland The discussion presented addresses general developments, financial events in the news, and broad investment principles. It is provided for information purposes only and does not provide investment advice. While the statements and opinions presented are provided in good faith, Merion Wealth Partners does not warrant their completeness or accuracy and they should not be relied upon as such. Past performance is not a guarantee of future results. Investment advisory services offered through Merion Wealth Partners, LLC, an SEC Registered Investment Advisor. Swarthmore Investment, LLC is an affiliated entity of Merion Wealth Partners, LLC.
Let’s begin with a few definitions… • High-Frequency Trading (HFT) • Co-Location • Automatic Market Maker • Ping • Liquidity Rebate
What benefit could the markets gain from high-frequency computerized trading? And… At what [potential] cost?
Chart of the S&P 500 on May 6th, 2010 Courtesy of TD Ameritrade
Chart of Apple from May 23rd, 2012 Courtesy of Bloomberg Finance LP