Here's a bit of the Bloomberg article:
International algorithmic trading will allow investors to trade using computer programs though UBS without going through a brokerage, Switzerland’s biggest bank said in a press release. Zurich-based UBS began so-called direct market access in Brazil on July 2008, allowing stock traders to complete orders anonymously without going through a brokerage.
3 comments:
I don't understand the implications of this enough to know what to make of it.
If it helps small investors be on more of an equal footing with big investors, then good.
But in general I have always been opposed to the kind of second by second speculative trading that skims the profit off the market. I favor long term investing and wish that our institutions did more to protect that as a way of saving for the future.
Lovely blog, thanks for taking the time to share this
Hi nice reading yourr blog
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