Comments
Predictions Come True as Regulators Swoop
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Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
9/4/2014 | 6:34:57 AM
Re: Dark Pools
Yes, if the markets are hacked, we will be wishing for the days of the small by comparison Target and Home Depot breaches. Investors will be scared away, liquidity will vanish, and markets will be devastated. Algorithmic terrorism, or a hack, would destrot any remaining investor confidence. Cyber security is near the top of the SECs priority list, for sure.
Byurcan
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Byurcan,
User Rank: Author
9/3/2014 | 2:15:12 PM
Re: Dark Pools
Let's hope this dark thing doesn't come to pass then...
IvySchmerken
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IvySchmerken,
User Rank: Author
9/3/2014 | 2:02:51 PM
Re: Dark Pools
That would be everyone's worst nightmare, and I agree, CNN and CNBC would readily adopt the term. But seriously, algorithms are used to trade in and out of dark pools as welll as exchanges which are all interlinked. So any type of infiltration by a rogue algorithm could be extremely dangerous. This would make the Home Depot or Target theft of credit card data look tame.
Byurcan
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Byurcan,
User Rank: Author
9/3/2014 | 8:49:12 AM
Re: Dark Pools
The idea of algoithmic terrorists seems like a very real one to me, I can see this prediciton coming true. And then of course the NYT, CNN and other media immediately oversuing the buzzphrase "algoithmic terrorists" to death.
Becca L
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Becca L,
User Rank: Author
8/30/2014 | 7:22:31 PM
Re: 1 ominous prediction
John, you know you can't stop now, right? You're on a roll and I'm very curious what you have to predict next. Besides, who doesn't love the satisfaction of a well-earned "I told you so"
NJ_trader
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NJ_trader,
User Rank: Moderator
8/27/2014 | 8:09:42 AM
1 ominous prediction
Well done. However, the prediction about a terrorist organization is not a fun one to think about.

In fact, regulators are increasingly worried about hackers destabilizing the financial markets. We all hope it doesn't come true.
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
8/27/2014 | 8:07:10 AM
2 down, 3 to go
Congrats! I think Mary Jo White's program is already starting to sober up the market, so you that one may also come true by year end.

The infiltration of a hedge fund by a rogue group is a little more scary (for everyone), so I hope you are wrong on that one.

Any preseason football predictions?
Becca L
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Becca L,
User Rank: Author
8/25/2014 | 2:23:43 PM
Re: Dark Pools
Well done!It's amazing how quickly your dark pool predictions came to be.

I can see how you're remaining three predictions could unfold within the next year. I won't be the least bit surprised when a hedge fund run by a single individual reports $100 billion–it's a crazy world we live in!

As a sidenote, do you have any good stock predictions?... :-)
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
8/19/2014 | 2:06:44 PM
Dark Pools
Nice job on your Dark Pools prediction. It was only a matter of time before some regulator figured out that there was plenty of work for them to do there. Not too surprised that the NYS AG was out in front on it either.


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