Dow Jones, Nasdaq, S&P500 (1)
January 7, 2018
The New York Stock Exchange (NYSE) is open Monday by means of Friday, 9:30 a.m. to 4:00 p.m. EST. Michael Lewis just isn’t the first person to allege the stock market is rigged or that top-frequency merchants are entrance running the market but he was the first to find Brad Katsuyama, who’s the primary to determine the way it was being executed.
One of several aggravating moments in a budding inventory dealer’s profession comes along at the time they figure out simply how a lot funds they need to commit to a inventory commerce as a way to earn substantial cash on a shorter term transfer.
That ceased to be the center of U.S. financial activity years in the past, and exists at the moment largely as a photo op. This is the inventory market that Lewis is speaking about; the one the place many of the trades take place now, inside a whole lot of hundreds of these black containers located at greater than 60 private and non-private exchanges, where billions of dollars in stock change hands every day with little or no public documentation.
The knock-on effect of that is that the FTSE a hundred, which incorporates many of those mining companies, and certainly is heavily influenced by them as a result of all of them have vital market capitalisation values, has been driven larger because of this.
The playing field of stock trading is dominated by a choose few online brokers who have collectively decided that $1,500 to $3,000 is apparently the minimal amount that they are going to accept to open an account, and at these levels, the extent of providers is even decreased.