The children were nestled all snug in their beds, while HFT
algo-bots checked on the spreads.
Seriously people, most people even peripherally involved in Wall Street
trading are already ensconced in their holiday prep, and the rest will take off
at 1 p.m. today, when the stock exchanges close. But don't let that fool you. Money
never sleeps, and it sure as hell doesn't drink eggnog and watch A Christmas
Story around the fireplace. And there's a lot to trade this week — most
notable, the fiscal cliff negotiations, which could swing the Dow hundreds of
points in either direction, depending on whether Congressional Republicans can
get their acts together.
Which makes it all the more worrisome that traders are
deputizing their computerized trading algorithms to take over for them during
the holidays....
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