[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 104 KB, 958x396, MI-BL860_DARKPO_G_20111024210611.jpg [View same] [iqdb] [saucenao] [google]
1211698 No.1211698[DELETED]  [Reply] [Original]

So /biz/
My uncle works for a stock market firm in chicago and explained to me how stock trading really is now adays:

Huge server rooms are used and computers are used to trade stock and do so hundreds of times a seconds making money off of small changes in market movements. He said that this all occurs in around 800 nanoseconds, so pretty fast. Also, this trading is often put in private pools called "dark pools" and basically its trading thats hidden from the public and wont affect the price of the stock. He told me that the SEC is really looking into dark pools and that it probably wont be legal in 5 years. Sketchy as hell i know

>> No.1211707

Thanks for the info, buddy.

>> No.1211715

>>1211698
Everyone already knows about HFT. You're the last person to find out. I guess good for you that you have some inkling of what it is now.