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Monday, August 31, 2015

DARKNET: HFT MARKET MADNESS BROUGHT TO YOU BY THE VERY SAME BANKSTERS WHO RIGGED GLOBAL FX MARKETS AND LIBOR!!

 Fast Capitalism R 1.0

James S. Henry, Esq

 

Screen Shot 2015-08-31 at 2.13.47 PM

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Our Key Findings:

1. The very banksters who rigged the FX and Libor markets now totally dominate the US "Darknet"- alternative securities trading systems that allows for anonymous clearing.

2. For the latest available data, for the week of 8/3/2015, they accounted for 68% of the 3.69 billion (?) shares traded that week on these alternative systems.

3. Surprisingly, the leading bank is Credit Suisse, with 13%, followed by UBS, with 12%.

4. All of these banks have been fined and subjected to lawsuit settlements involving libor rigging, FX rigging, and AML violations.

Each and every one of them.

 

Feel free to use this chart as a sequel to Friday.

"Even more market madness?"

"What are the world's biggest banks doing to gamble with deposit insurance now?"

 

 

August 31, 2015 at 03:00 PM | Permalink

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