#TBT: Today we look back to how we used to trade stocks. Slower Trades Our story (sort of) starts 225 years ago on Wall Street with the origin of the New York Stock Exchange (NYSE). Gathering in coffeehouses or under…
High frequency trading might be an elephant in the closet. Representing perhaps 51% of all daily trading volume, speedy trading hits the headlines only when something goes wrong. But since I’ve been reading Frank Partnoy’s Wait: The Art and Science of…
Soon after the New York Stock Exchange (NYSE) opened yesterday, the prices of more than 140 securities moved irrationally. Some were up 150%. Though no one yet has said why, we do know that fast trading computer programs—high-frequency trades—were the…
No one has figured out the cause of the “flash crash”. Some background information might help, though, when we try to understand what happened. On May 6th, the Dow Jones Industrial Average plunged close to 1000 points, then made up some…
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
