Crime On Wall Street

If you can imagine a crime, rest assured, it is being committed on Wall Street. Here is a good one.
Phone rings:
Robot Rep: Hello, Robot trade execution service.
Customer: Hello, I need to sell 100,000 shares of xyz
Robot Rep: Great, xyz is trading at 20 ½. We can sell it for that, or we can do a little better with our premium execution service.
Customer: What is the premium execution service?
Robot Rep: We can guarantee a price of 20 ½ but we think we can run the price up to around 23 ½ by tripping stops and making folks think an uptrend is starting. We will split the difference of $3.00 per share with you.
Customer: Lets go with the premium execution service.
Robot Rep: Sounds good, we will get right on it.

Expected Seasonal Pattern Compared To Actual Trading

Historical Statistics

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact:
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