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"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder


Sunday, April 26, 2009

American Excess


Tell All
see: "drunken bankers"
Posted by Charles Longfellow at 8:58 PM 0 comments

Saturday, April 25, 2009

Forex Factory Thread


"In the coming days of anticipated reform, what can we expect? It is possible that we are entering a phase, as market participants, where everyone loses."
see: MT4 Brokers' Virtual Dealer Plug-In
Posted by Charles Longfellow at 6:36 PM 0 comments

Monday, April 20, 2009

Dance of the Trillions


An article by Rodrigue Tremblay.
see: The Dance
Posted by Charles Longfellow at 5:02 PM 0 comments

Monday, April 13, 2009

New Homes for Rent


End Times Update
see: Squatting in Southern California
Posted by Charles Longfellow at 12:00 PM 0 comments

Sunday, April 12, 2009

CNBC gets Spanked


Jon Stewart vs Jim Cramer: "It's not a fcking game...,
you guys knew it was going on."

see: SPANKED!

Canadian viewers, see: "Spanked, eh?"
see also: Roubini vs Cramer
see also: In defence of Cramer & CNBC
Posted by Charles Longfellow at 2:27 PM 0 comments

Wednesday, April 8, 2009

Bear Talk


"worse than expected"
see: Roubini
Posted by Charles Longfellow at 9:36 PM 0 comments

Saturday, April 4, 2009

Zeitgeist


Z
see: How it all goes down...
Posted by Charles Longfellow at 11:35 PM 0 comments

Wednesday, April 1, 2009

Ethical Markets


New Trends to View
see: Ethical Markets TV
Posted by Charles Longfellow at 9:06 PM 0 comments

Monk of the Month


Your comments,
tips and prognostications.
 (Click on image to discover parable)
Posted by Charles Longfellow at 6:40 PM 1 comments
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Blog Archive

What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?


"... internalization hurts retail customers and market quality"

see: EconPapers

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