Author Michael Lewis is best known for uncovering hidden corners of our present, whether in baseball (Moneyball), the financial collapse (The Big Short), or high frequency trading (this month's Flash Boys). But in the September 26th, 1996 issue of the New York Times Magazine, Lewis took a swing at predicting the…
If you think the stock market can be a gamble, you'd now be wrong. The latest trading software developed by Virtu—a company specializing in high-frequency trading—has had only one day of loss in the past four years.
A week ago, the Federal Reserve announced something or another about bonds, a move that sent the bond market into a frenzied orgy of bond loading and unloading. So what, right? The markets quiver whenever the Fed does anything. Well, weirdly, it appears the information got out five milliseconds early. Which wouldn't…
The NASDAQ-100 is a stock market index which tracks the performance of the largest non-financial companies in the world. Yawn. But every year, it gets a little reshuffle to keep it fresh and relevant—and the changes can be rather telling.
In 1912 almost all forms of gambling were illegal in the United States. A handful of states allowed betting on horse races, but that was pretty much it.
It wasn't until the Great Depression in the 1930s that gambling laws loosened, as gaming was seen by some as a way to stimulate the U.S. economy.
If you've recently made a particularly profitable stock investment and want to show it off, Paul Kweton has created a line of jewelry that turns a boring stock performance chart into fashionable wrist adornments.
Well, not quite. The Wall Street Journal reports that in order to understand how the financial market is faring, analysts are cutting Apple out of the picture because their dominance skews things too much. In fact, discounting Apple shows that the market isn't as strong as thought. Still: iPad 3, yeah! [WSJ]
The market's down 400 points today, continuing this terrorific scream-ride we've been on. EVERYBODY PANIC. Right? Actually, here's how—and when—the NYSE prevents one-stop-drop financial Armaggedon.
Stocks took a huge hit today. The Dow Jones Industrial Average lost 5.5 percent. The Dow Jones U.S. Technology Index went a little further than that, sliding 5.8. But overall, the tech sector was, well, not completely horrifying.
When a stock market bubble is about to burst, financial experts start using all the same words to describe what's going on, even if - especially if - those words are positive. Groupthink doesn't get much more perilous than this.
When the world's financial giants begin creating vast artificial islands in the middle of the oceans to use as the hubs of stock-trading, it'll all be because of the speed of light.
Following initial revelations last week, NASDAQ has today confirmed reports that one of its systems has been accessed by outsiders.
A lot of the biggest stock moves of the global economy are made by a bunch of dudes yelling at each other in a huge room, right? Wrong. Computers are in charge, battling for the speediest connections. Fastest gets richest.
The secret of the bull and the bear are in the bird and the whale: Twitter can be used to predict the stock market behavior with an accuracy of 87.6%. In other words: Justin Bieber controls the world's economy.
After the "flash crash" that brought the stock exchange to its knees a few months ago, data analysis firm Nanex started looking into some odd patterns in stock trades. They discovered bot armies are affecting trades on a microsecond-by-microsecond basis.