7 Milliseconds, Chicago, $600 Million, The Great Fed Robbery

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Sep 24, 2013.

  1. G8trGr8t

    G8trGr8t Premium Member

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    http://www.cnbc.com/id/101056168


    http://www.nanex.net/aqck2/4436.html

    this is now being investigated. it appears that one of the news agencies allowed to carry electronic devices into closed fed meeting to get announcement prior to public announcement leaked info to Chicago traders who then placed trades milliseconds before they should have been able to. something tells me fed info has been leaked for years but with trades set to execute on time in NY nobody could ever prove it.
  2. Gatorrick22

    Gatorrick22 Well-Known Member

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    Does this article mean that the fed is giving insider trading information for profit to certain groups in Chicago? I wonder if Obama has anything to do with this anomaly.
  3. orangeblueorangeblue

    orangeblueorangeblue Well-Known Member

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    I'm pretty sure everything in Chicago directly handled by Obama, so yeah.
  4. RealDeal

    RealDeal New Member

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    inside traders, making millions and billions from special access to information? a typical day in finance.
  5. G8trGr8t

    G8trGr8t Premium Member

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    or somebody at one of the news agencies is texting the info out of the "lock-up" room where reporters are given the information in advanced and trusted, yes trusted, to not send out the information. Their electronic devices are not taken from them when they go into the lock up room where they are allowed to read and digest the information prior to public release. Brilliance...
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  6. Gatorrick22

    Gatorrick22 Well-Known Member

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    perfect! Nothing this administration and his ilk does is on the up and up.
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  7. corpgator

    corpgator Well-Known Member

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    The report didn't say that those in Chicago got it first. It's saying that lots of people got it first and then all tried to act like they didn't have it ahead of time, but since the trades were orchestrated to all arrive at the same moment so as to appear that they weren't early, yet came from different locations, obviously someone leaked it. This has nothing to do with someone favoring Chicago.

    By the way, various mutual funds are buying up buildings, some of them several stories, by the main hub that connects into the NYSE so that they can be micro - not mili - seconds faster when their algorithms fire. They are gutting the buildings and setting up servers. Millions of dollars to be microseconds faster in the trading wars moving around nonexistent money. Capitalism at its finest.
  8. dadx4

    dadx4 Well-Known Member

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    There are other places to trade other than Chi-town. Bizarre story though.
  9. ThePlayer

    ThePlayer VIP Member

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    We're getting played by the Xbox 360 winner.

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