Wednesday, June 29, 2016

Farage At The EU

I think it was Farage's intention to outrage the members so that he would cut the ground from anyone who wanted talks to go slowly and in a friendly way. He doesn't want any backsliding.
That, and he wanted to say what the then German Chancellor said eighty-odd years ago 'They laughed at me, and they're not laughing now’.

And I think he wanted to savour saying it precisely because Hitler said it. That isn't fanciful. He "marched through a quiet Sussex village very late at night shouting Hitler Youth songs..."

Letter from a teacher when Farage was at Dulwich College

Dangerous man.

Saturday, June 18, 2016

IEX Stock Exchange Defeats Skimmers

First, a definition:

What is a 'Payment For Order Flow'?

A payment for order flow is the compensation and benefit a brokerage receives by directing orders to different parties to be executed. The brokerage firm receives a small payment, usually a penny per share, as compensation for directing the order to the different parties.


Quote from The Verge article
"This evening the Securities and Exchange Commission approved an application by a startup called IEX to become a full-fledged stock exchange. By approving IEX, the SEC was giving its stamp of approval to one of the most high-profile challenges to the current Wall Street regime. Co-founded by a Canadian trader named Brad Katsuyama, IEX is designed to be a market free from high-frequency traders who use their speed to skim profits off the orders from ordinary citizens."

Full Article:
http://www.theverge.com/2016/6/17/11957258/iex-sec-approves-stock-exchange

The Duke of Edinburgh

 Reading an article that mentioned the Duke of Edinburgh we looked at each other and wondered how that was. Surely he was dead. The husband ...