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Interesting article on internalization

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momarch

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Jun 28, 2012, 7:15:14 PM6/28/12
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RayLopez99

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Jun 29, 2012, 3:43:09 AM6/29/12
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On Thursday, June 28, 2012 7:15:14 PM UTC-4, momarch wrote:
> http://www.nytimes.com/2012/06/27/business/stock-exchanges-duel-with-newcomers-over-trade-transparency.html?_r=1&pagewanted=all

The internalizers were caught in the Facebook initial public offering. They paid to trade against all retail investors clamoring for Facebook shares, but when the Nasdaq exchange broke down just as trading opened, they were left holding the shares. Knight Capital has said it lost around $35 million in the incident.

HAHA.

Good one. I personally wish they would institute a Tobin Tax on robotic share trading. We don't need that much liquidity.

RL

bob wald

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Jun 29, 2012, 5:37:25 AM6/29/12
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if i see one more ad to get free facebook pages for your business.but
monthly service charges...lol
800mil customers to see your ads.....lol
didnt say how many were kids or were repeat visitors to
facebook....hahaHAHAha....

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