Thursday, September 04, 2014

I can't see a fucking thing

Much like the night's inclination to play tricks when you're trying to be so quiet, ain't it just like the Wall Street Journal to lay a headline on you like this ...

Investment Technology Group to Launch Dark Pool for Bond Trading
-- Brokerage aims to tap investor demand to trade bonds more cheaply --

Hello?  Nobody thought to also shout out something like "This can't be a good idea!"?  Although that, I suppose, isn't the way the Journal rolls.

My contribution is this ...

Remember that book by Michael Lewis about high-frequency trading?  Well, it was really a story about dark pools.  A horror story, just so we're clear.

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