Agents Raid Office of Trump Lawyer Michael Cohen in Connection With Stormy Daniels Payments – WSJ

Oh sh-.

It’s on now motherfucker.

Federal investigators on Monday searched the office, home and Manhattan hotel room of President Donald Trump’s longtime lawyer, Michael Cohen, seizing communications between the lawyer and his clients that cover topics including payments to the former porn actress known as Stormy Daniels, according to a person familiar with the matter.

Stop messing with our elections.

— Read on www.wsj.com/articles/fbi-raids-trump-lawyers-office-1523306297

A Novel Approach to High Frequency Trading

Interesting…

HFT has proven to be singularly destructive. Despite the claims of it defenders, it does not increase market liquidity; it merely increases trading volumes without improving ease of execution. 60% of US stock market trading volume comes from HFT. HFT has undermined how markets operate. Institutional investors have diverted some of their trades to “dark pools” to escape the pred Retail traders have become increasingly distrustful of equity markets, thanks to HFT-related debacles like the flash crash and Kraft’s first trading day at NASDAQ, when its initial trades had to be cancelled.

via It’s Time for a Tax to Kill High Frequency Trading « naked capitalism.

Four Percent of all NASDAQ Trades Last Week Attributed to Single Mystery Algorithm; Robo-trader Consumed 10% of Network Bandwidth

I thought we’d have another decade or two until the machines took over.

The scariest part of this single program was that its millions of quotes accounted for 10 percent of the bandwidth that is allowed for trading on any given day, according to Nanex. (The size of the bandwidth pipe is determined by a group made up of the exchanges called the Consolidated Quote System.)

via Mysterious Algorithm Was 4% of Trading Activity Last Week – CNBC.com – US Business News – CNBC.