Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.

Monday, November 12, 2012

NYSE's UTP, Universal Turd Pile

On Monday, the NYSE had problems transitioning securities to their new matching engine, dubbed “universal trading platform” or UTP. The glitch, which hit shortly after the closing bell, caused other exchanges, from BATS and Nasdaq to Direct Edge and even NYSE’s own Arca electronic exchange, to stop routing orders via the NYSE.

It's coming boys and girls.  It will be a cluster like none other.

Just wait and see. 

When algo chaos, speed, for-profit exchanges and greed all collide at warp speed.

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