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Podcast

by Chris Martenson

Joe Saluzzi, expert on algorithmic trading — also known as high-frequency trading, or HFT — returns as a guest this week to explain how the players behind this machine-driven process act as parasites that are destroying our financial markets (and, increasingly, even themselves).

Since Joe first spoke with us last year, HFT firms have only increased in size and share of market activity. Here are some staggering statistics on how influential they have become:

  • HTFs make up between 50-70% of the volume seen across market exchanges today.
  • 2% of the traders on many exchanges (HFTs, specifically) represent 80% of the volume.
  • A single large HFT firm (referred to as a Direct Market Maker) can account for 10%+ of a market's volume on a given day
  • Large HFT firms make between $8 to $21 billion a year.
  • HFT trades occur in milliseconds (i.e., a small fraction of the time it takes your eye to blink).

With such scale, speed, and profitability, HFTs have turned the market away from being an efficient price-setting mechanism and perverted it into a casino where the clientele of human investors gets fleeced.

Joe Saluzzi: HFT Parasites are Killing the Market Host
by Chris Martenson

Joe Saluzzi, expert on algorithmic trading — also known as high-frequency trading, or HFT — returns as a guest this week to explain how the players behind this machine-driven process act as parasites that are destroying our financial markets (and, increasingly, even themselves).

Since Joe first spoke with us last year, HFT firms have only increased in size and share of market activity. Here are some staggering statistics on how influential they have become:

  • HTFs make up between 50-70% of the volume seen across market exchanges today.
  • 2% of the traders on many exchanges (HFTs, specifically) represent 80% of the volume.
  • A single large HFT firm (referred to as a Direct Market Maker) can account for 10%+ of a market's volume on a given day
  • Large HFT firms make between $8 to $21 billion a year.
  • HFT trades occur in milliseconds (i.e., a small fraction of the time it takes your eye to blink).

With such scale, speed, and profitability, HFTs have turned the market away from being an efficient price-setting mechanism and perverted it into a casino where the clientele of human investors gets fleeced.

by JW

A short video to give you inspiration to cook some new and different garden produce or something from the CSA box you signed up for. 

From the Perennial Plate:

Episode 19: Summer Vegetables

From the PerIn summertime we see local vegetables everywhere: at the grocery store, in the back garden, farmer’s market or in a CSA (Community Supported Agriculture) share. Sometimes there are so many vegetables, we just don’t know what to do with them.  I have the issue of having no air conditioning and thus cooking them can be a very hot experience.  This video shows a few recipes for the less often used veggies, prepared using less heat, including carrot top pesto.

Summer Vegetables Video
by JW

A short video to give you inspiration to cook some new and different garden produce or something from the CSA box you signed up for. 

From the Perennial Plate:

Episode 19: Summer Vegetables

From the PerIn summertime we see local vegetables everywhere: at the grocery store, in the back garden, farmer’s market or in a CSA (Community Supported Agriculture) share. Sometimes there are so many vegetables, we just don’t know what to do with them.  I have the issue of having no air conditioning and thus cooking them can be a very hot experience.  This video shows a few recipes for the less often used veggies, prepared using less heat, including carrot top pesto.

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