cb25
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Post by cb25 on Jan 31, 2019 10:31:00 GMT
And they are very unlikely to enage in insider trading either ! I can't believe you seriously think the city is some great big insider-trading environment.
The fact of the matter is that combatting market abuse in order to ensure fair and equal markets has always been a high priority, and in this day and age the compliance departments and regulators have many more tools at their disposal. It is much harder to hide when unsual correlations of activity ahead of a corporate action can be identified at the click of a mouse button. The technology is only getting better, not worse.
In fact, if anything was prone to insider trading, I would say it would be P2P. Given the extraordinarily light-touch regulatory environment the FCA have afforded P2P,that all the platforms business is conducted behind their own closed doors and that everything is typically managed by very small teams..... that's positive fertilizer for abuse.  Anybody who thinks the stock markets are level playing fields for Joe/Jane Public vs institutions should read books like "Dark Pools: The rise of A.I. trading machines and the looming threat to Wall Street" by Scott Patterson (edit) or "Flash Boys" by Michael Lewis.
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cb25
Posts: 3,528
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Post by cb25 on Jan 31, 2019 10:46:43 GMT
Anybody who thinks the stock markets are level playing fields for Joe/Jane Public vs institutions should read books like "Dark Pools: The rise of A.I. trading machines and the looming threat to Wall Street" by Scott Patterson.
Please do not make clueless statements about stuff you clearly have limited comprehension of. Rather than resorting to personal abuse (which you seem quite fond of I note), I'll leave it to others to make their own mind up.
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cb25
Posts: 3,528
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Post by cb25 on Jan 31, 2019 10:59:06 GMT
Rather than resorting to personal abuse (which you seem quite fond of I note), I'll leave it to others to make their own mind up.
If it came accross as personal abuse, I apologise, that was not the intention.
The point I was making was that instead of quoting me some random book (that also happens to have a headline-grabbing title), how about you engage in a proper discussion based on facts.
Why don't you tell us what problems YOU, personally have encountered in the markets that have been caused by dark pools and HFTs ?
I'm all ears for an alternative point of view. But please, let's stick to the facts rather than something you read in a book with a catchy title.
I think I'll follow one of your previous comments "I've no desire to engage with you any further on this topic"
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aju
Member of DD Central
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Post by aju on Jan 31, 2019 11:10:10 GMT
This thread seems to be becoming like a brexit argument. I can see both sides but which one to choose is more complex...  |
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Post by dan1 on Jan 31, 2019 12:54:44 GMT
It would be more interesting to know why wallstreet is engaging with us on here rather than on a more appropriate forum like lemonfool.co.uk where there are several very smart equity/etc uk investors. It’s also the case that the skills being boasted about are very rare indeed and it shouldn’t be the case that they should be promoted in any way to the public as a valid strategy to follow and practically every one should follow the excellent advice already posted by hazelend or read up on John Bogle (vanguard founder) or Warren Buffet (one of the most successful investor ever) none of which requires any skill, luck, timing or special knowledge at all. How about a health warning on the risks of active funds.... along similar lines to that for CFDs. It could go something like... "more than 50% of retail investor money invested in active funds underperform the index when trading with this provider" I know, I know "which index" and countless other holes to pick but I thought I'd put it out there.... just for fun 
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Jan 31, 2019 14:04:53 GMT
And they are very unlikely to enage in insider trading either ! I can't believe you seriously think the city is some great big insider-trading environment.
The fact of the matter is that combatting market abuse in order to ensure fair and equal markets has always been a high priority, and in this day and age the compliance departments and regulators have many more tools at their disposal. It is much harder to hide when unsual correlations of activity ahead of a corporate action can be identified at the click of a mouse button. The technology is only getting better, not worse.
In fact, if anything was prone to insider trading, I would say it would be P2P. Given the extraordinarily light-touch regulatory environment the FCA have afforded P2P,that all the platforms business is conducted behind their own closed doors and that everything is typically managed by very small teams..... that's positive fertilizer for abuse. Jesus, I'll drink to that!!!! Hic. I've said before, one or more Platforms' Directors belong behind/will end up behind bars. You know, serving drinks.
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ceejay
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Post by ceejay on Jan 31, 2019 14:07:33 GMT
How about a health warning on the risks of active funds.... along similar lines to that for CFDs. It could go something like... "more than 50% of retail investor money invested in active funds underperform the index when trading with this provider" I know, I know "which index" and countless other holes to pick but I thought I'd put it out there.... just for fun And, at the risk of dragging this thread back on-topic, how about a similar warning on some/most/all P2P platforms?
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Post by Badly Drawn Stickman on Jan 31, 2019 14:10:34 GMT
And they are very unlikely to enage in insider trading either ! I can't believe you seriously think the city is some great big insider-trading environment.
The fact of the matter is that combatting market abuse in order to ensure fair and equal markets has always been a high priority, and in this day and age the compliance departments and regulators have many more tools at their disposal. It is much harder to hide when unsual correlations of activity ahead of a corporate action can be identified at the click of a mouse button. The technology is only getting better, not worse.
In fact, if anything was prone to insider trading, I would say it would be P2P. Given the extraordinarily light-touch regulatory environment the FCA have afforded P2P,that all the platforms business is conducted behind their own closed doors and that everything is typically managed by very small teams..... that's positive fertilizer for abuse. Jesus, I'll drink to that!!!! Hic. I've said before, one or more Platforms' Directors belong behind/will end up behind bars. You know, serving drinks. They would need retraining first, currently they would drink half spill the rest over you and then charge too much.
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Post by timm2006 on Feb 3, 2019 23:37:58 GMT
I have run down my P2P holdings for a while now and apart from some money held in Zopa under the safeguard at 5% and a few loans on AC I cant sell I am out now. My main decision was I can earn 2% on a one year bank desposit vs the 5% I earn in P2P (low risk end of P2P). In my opinion the extra 3% per year isnt worth the risk at the moment. It has certainly been profitable for me over the years, I might return in a couple of years after I see how P2P weathers the financial storm that seems to be coming on the horizon. Hello I too share you sentiments regarding P2P recently - after the recent scare with L*ndy, I have now started running down all my investments in P2P platforms that I consider high-risk which is mainly platforms that offer high % returns (but many defaults). I'm redirecting the P2P funds towards the lower return P2P platforms and my stocks/shares ISA instead. The higher return platforms are too much of a volatile ride for me and the risk of legal battles aka L*ndy isn't worth the stress.
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