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Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

August 3, 2012 at 10:15 AM

Vote: Do you trust the stock market

A software problem shaved $440 million off Knight Capital Group this week. It was reminiscent of the 2010 “flash crash” meltdown. Then there was the Facebook debut, fouled up on Nasdaq. As Reuters commented:

In the old days, it was simpler: human traders known as “specialists” worked on the floors of stock exchanges, such as the New York Stock Exchange, to match buyers with sellers and complete trades themselves if matches couldn’t be made.

But over the past decade, those specialists have been replaced by automated trading systems, and much trading volume has moved away from exchanges and into other venues, such as “dark pools” – trading systems that let investors anonymously buy or sell larger blocks of stock without tipping their hand to a wider market.

What do you think?

Do you trust the stock market?

Read on for the best links of the week and the haiku:

This Week’s Links:

Comments | More in Stock market

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