Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and 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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