Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It would be irresponsible not to speculate, so I'm guessing that Goldman Sachs is extracting significant monopoly rents through its domination of program trading. $6.5 billion profits in a quarter might represent both pennies per trade in terms of the market volume and a big share of overall profits.
by nanne (zwaerdenmaecker@gmail.com) on Tue Jul 14th, 2009 at 04:02:41 PM EST
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