Posted on 07/05/2009 10:33:09 PM PDT by rvoitier
In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE's program trading.
(Excerpt) Read more at zerohedge.com ...
Oh oh..... Insane major props to Zerohedge on this one!
Back-up: This week's NYSE Program Trading report was very odd: not only because program trading hit 48.6% of all NYSE trading, a record high at least since the NYSE keep tabs of this data, and a data point which in itself was startling enough to cause some serious red flags as I jaunt from village to village in what little is left of Europe's bison country, but what was shocking was the disappearance of the #1 mainstay of complete trading domination (i.e., Goldman Sachs) from not just the aforementioned #1 spot, but the entire complete list. In other words: Goldman went from 1st to N/A in one week.
What? Was NYSE/Euronext suddenly "asked" to remove Goldman from the prop trading reports? Or is something else going on, as Zerohedge and Reuters apparently have managed to scoop:
[snip]
Okay, in full disclosure....
What?
NO! We are not going to talk about that!
Salient quote: “Recent reports suggest that financial industry lobbying in Washington, at $104.7 million for the first three months of 2009, is 8% down on last year. But that is to be expected – why should Wall Street continue paying top dollar for a wholly owned subsidiary?”
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