News & Insides

Forex scandal: Market rigging techniques The foreign exchange market, while not easily manipulatable, still offers opportunities for traders to influence currency values for profit. This market operates 24/7, making it challenging to determine its exact worth on any given day. To gauge activity levels, institutions often take snapshots of buy and sell volumes. Until recently, […]

Michael Lewis: “The market is rigged.” In his influential examination of high-frequency traders’ impact on global stock markets, Michael Lewis references Charlie Munger, Warren Buffett’s close associate, who likened high-frequency trading to allowing rats into a granary. The core argument in “Flash Boys,” now available in paperback with an updated final chapter, is that electronic […]

Greater Secondary Market Liquidity is Required for Small Businesses Good morning, and thank you for being here today. I extend a warm welcome to the esteemed members of the Advisory Committee on Small and Emerging Companies. Your dedication and contributions to our discussions are highly valued. I’d like to express my gratitude to the Division […]

Can nuclear succeed in regulated electricity markets? Currently, there are 69 reactors being constructed, marking the highest number in 25 years. However, only one of these reactors exists within a market that operates with electricity liberalization. In recent times, financial difficulties led to the closure of two nuclear power plants in the United States operating […]

Carnassie Fund: A devastating trading loss that serves as a lesson Last week, a hedge fund’s substantial losses grabbed headlines in the US business and investment media. This time, there was no sensationalism or media hype; the losses were genuinely significant. In a span of roughly three weeks, the Carnassie Fund incurred staggering losses, virtually […]