Tuesday, April 15, 2014

Rigs, rigging, rigged




"I can’t speak for anybody else, but having spent those nearly thirty years immersed in equity, bond, and commodity markets all around the world, I have seen enough to absolutely confirm in my own mind that the markets are rigged.

"Not just some of them. All of them. In different ways, to be sure, but they’re all rigged.

"Not only are they rigged, but they are rigged in ways that beggar belief; and in many places they are rigged by the very people who ought to be responsible for STOPPING any rigging.

"So... as Brad Katsuyama said:

        “If you wanna do this, let’s do this.”

"How do I rig thee? Let me count the ways: [read the piece to find out]"
-- Grant Williams, What’s the Frequency Zenith? , in Things That Make You Go Hmmm...

You absolutely should click the link and read the whole piece.  It's very readable, and includes a great link at the end to a wonderful string recital, for something completely different and irrelevant.