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Advisor

Get out your pitchforks when corn hits $3

http://www.bloomberg.com/news/2014-04-13/cme-gave-high-frequency-traders-peek-at-market-lawsuit-clai...

 

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.

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Honored Advisor

Re: Get out your pitchforks when corn hits $3

If corn hits $3, get out your silage forks and hold back more heifers.  Smiley Happy

 

http://www.reuters.com/article/2014/04/14/australia-china-cattle-idUSL3N0N111D20140414 

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