hardnox
Advisor
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04-15-2014
08:40 AM
Get out your pitchforks when corn hits $3
I'm guessing that this HFT graft game by CME was primarily in the Big Casino via arb between stock index futures and the stocks exchanges.
And if corn hits $3 it won't be because someone could hypotheitically skim a tick off of orders, But I still believe that matters of market integrity and regulation matter.
Since pretty much everybody was doing the three monkeys routine when corn was $7 and index funds were piling in, maybe you'll care if and when it becomes apparent that it won't be again, for a long time.
1 Reply
BA Deere
Honored Advisor
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04-15-2014
09:10 AM
Re: Get out your pitchforks when corn hits $3
If corn hits $3, get out your silage forks and hold back more heifers. 🙂
http://www.reuters.com/article/2014/04/14/australia-china-cattle-idUSL3N0N111D20140414