Wall Street | Matt Sterling (upanddown) wrote in forgotten_gods, @ 2010-07-26 17:09:00 |
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Entry tags: | wall street |
Careful what it is you say
Who: Wall Street (upanddown)
What: High-Frequency Trading, the shadow me.
Where: Vernand & Co., NYC
When: Monday
Warnings: N/A
Holding a cup of low-fat, no-sugar, decaf latte in his left hand and a half-eaten chocolate doughnut in his right, Matt Sterling (30-something Caucasian male, single, no kids, stock broker) sat on the roof of the building which housed Vernand & Co. He had a clear view across the city, well, clear whenever the winds were kind enough to blow the smoke rising from the cigarette that was dangling from the corner of his mouth out of view.
Buy, sell, buy, sell, buy sell - just another regular morning.
The biggest reform since the thirties they called it. No more government money in case the fat cats screwed up (Wall Street never asked for any and they could always have tried not paying), more safety and accountability - Wall Street called it a pile of rubbish. They thought putting a leash on him was a good idea but the problem was that they had nobody who was capable of holding it.
Pale blue eyes gazed beyond the city limits.
Buysellbuysellbuysellbuysell - profit's slivers of slivers of a cent - eleven seconds marks the maximum limit of holding on - buysellbuysellbuysell - but they can go at it all day long, low cost, high efficiency.
In the canyons of Manhattan - buy, sell, buy, sell - lay Matt Sterling's every day bread. Far away from here, at offices equipped with high-performance computers - buysellbuysellbuysellbuysellbuysellbuysell - which cared only about profit and nothing about morality, accountability and responsibility, lay Wall Street's joy.
HFT.
His Shadow Me laughs at the reform and Wall Street laughs with it.
One of them wears the leash to give the other more freedom.
Nothing changes.