France and Spain have sharpened their push for a Financial Transaction Tax at a UN Millenium Development Goals Summit attended by 140 heads of state and world leaders in New York this week. The summit is looking at new ways to meet the MDG following the realisation that progress in many of the world’s poorest countries is… More >>
Goldman Sachs has moved its computers right beside those of NASDAQ, the online exchange. According to Goldman’s own admission, each millisecond gained is worth at least US$100 million.
What has become of global financial markets, where these tiny high frequency computer algorithms seem to rule the day? Are they responsible for the September 2008 crash?
In a… More >>
