Monday, August 26, 2013

Unified Engines

"Mr. O’Brien said “Direct Edge and BATS were both founded on a commitment to create an optimal trading experience for a diverse member base, from retail investors to broker-dealers to institutions. Together,
the best of both organizations will work to further improve how the world trades, consumes market data,
and accesses capital markets.” "

PDF

In a terse document, The company founded by Mr. David Cummings, BATS Global Markets, announced today the merger with Direct Edge.

NYT 

This is an indication of  a new stage in finances, and technology. The birth of the Electronic Trade Engine. This was invented by Joshua Levine, as you can read in Wall Street Journal (WSJ) Scott Patterson's book "Dark Pools".  if a single person can pull through this, you do not need a big organization to trade electronically.

Mr. Cummings is described in Patterson's book, and was interviewed by the WSJ. He is still kicking, and I am voting for him to play a bigger role in this new stage of humanity.

A Unified Engine, takes fuel and information, and produces wealth. These could be called robots, and are producing the highest concentration of wealth that the world has ever seen!


No comments:

Twitter Updates

Search This Blog

Total Pageviews