Norwegians convicted for outwitting trading system - OVERTURNED

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Old May 3, 2012, 2:00pm   #11
 
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

seem.
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Old May 3, 2012, 2:03pm   #12
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

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seem.
thank you kind sir. If only my English teachers had shown such dedication
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Old May 3, 2012, 2:04pm   #13
 
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Re: Norwegians convicted for outwitting trading system - OVERTURNED



It's the only thing I'm good for around here. Can't really help out any other way - and I've been proven sh*t at it recently too.

Lulz can only get me so far.
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Old May 3, 2012, 2:06pm   #14
 
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Re: Norwegians convicted for outwitting trading system - overturned

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This is the guy, IIRC he was fined over a million sterling for exploiting someone elses stupidity !

Scots trader fined £1m after betting on London Stock Exchange - The Daily Record

To fine someone for thinking doesnt quite seem right.
Im confused by what he did.He beat the companies and seemed to do nothing wrong.If they are saying he did wrong,then he should be fined the whole lot and more.How can they go 1/2 way?.anyone know exactly what he did? How can small bets at start of day influence the day price on a regular bases
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Old May 3, 2012, 2:09pm   #15
 
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

He pushed low vol stocks up through the real market and placed a larger spread bet to benefit from the move up as the SB markets are priced from real feeds innit bruv.
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Old May 3, 2012, 2:13pm   #16
 
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

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He pushed low vol stocks up through the real market and placed a larger spread bet to benefit from the move up as the SB markets are priced from real feeds innit bruv.
thanks,thats hardly illegal,they dont deserve their money back,if they lay a spread thats their problem
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Old May 3, 2012, 2:48pm   #17
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

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He pushed low vol stocks up through the real market and placed a larger spread bet to benefit from the move up as the SB markets are priced from real feeds innit bruv.
So he turned the table around and became THE marketmaker. Why did SB complain??
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Old May 3, 2012, 2:54pm   #18
 
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

Not really he just took advantage of the SBs pricing mechanism. If he was trading in big enough size (30k a week lol) then they may not of been able to hedge their own exposure without influencing price further and it may have had undesirable effects.
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Old May 3, 2012, 3:01pm   #19
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

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It's the only thing I'm good for around here. Can't really help out any other way - and I've been proven sh*t at it recently too.

Lulz can only get me so far.
Why not try and 'hone' your skills
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Old May 3, 2012, 3:05pm   #20
 
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Re: Norwegians convicted for outwitting trading system - OVERTURNED

I've spent too long trying to home them
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