Commodities and Resource

Aequitas Innovations and the Mother of All Bubbles

Comments (24)
  1. Joe Martin says:

    Good work Ivan. BUT! Regulations remain, despite the good intentions. IRROC will continue to kill the brokers. Venture capital is regulated, not by the exchanges, but by commissions. High frequency trading will be stopped before the new announced exchange will get launched.
    http://www.businessweek.com/articles/2013-06-06/how-the-robots-lost-high-frequency-tradings-rise-and-fall#p4
    And, remember, RBC was the one big bank that did not like the TMX deal and did not participate. It is still a big bank and thinks like a big bank.

    1. Ivan Lo says:

      Joe, thanks for the comment. I do agree regulation remains – despite the good intentions. And until I get more answers, the new exchange is still just a thought at this point.

      I’ve read the article in business week before, but I doubt the HFTs will be stopped before the new exchange is launched. The tax “proposed” is for the U.S. exchanges and is only on futures and swaps – Canada is always a late follower.

      If a real retail market comes back into the picture, the HFTs will once again make money, and once again force retail out.

      I won’t be so quick to make a final judgement until I learn more, but at least there is a buy side group in the mix now. Its not a final solution – but at least its a start.

  2. All for it , Obama must be made to listen and when more us dollars go to the better market with morals that support profit, he will have to listen but China has him under there thumb we need the North Country to stand it’s ground.

    God’s Speed
    Cathy Kandravi & Family

  3. Alan says:

    As a former trader I am all for creating a level platform for all. My big concern is how they will deal with ” Shorting “. This, to me, is where the market has shot themselves in the foot. Pro traders can short with impunity and have fun triggering ” Stops “. Have it strongly regulated. For use by market makers only when liquidity is needed or not at all. Let the people that want to dump on someones parade use other methods.

    As far as the computerized trading is concerned it is totally unfair for dealers to have the edge on every trade.

    Have a hard look at day traders and see if they are working together to create an illusion of active trading.

  4. Webgogs says:

    They will have to address all the issues in one go. The problem is, the TSX will now come out and try revert back or change the rules to stop the fraud THEY started. They will claim to be listening to the market. However, retail got wiped out so only big money will be trading.

    Retail has to realize that all of this was planned. It was a theft or what in more polite circles they call, a transfer of wealth. So a new exchange comes and enshrines all the good that the retail desires. It will be a long time before retail has any substantial money but they will try to grow their positions non the less.

    In the mean time, the big players will take up the base positions and they stand to have that edge plus the discount edge they were used to in the past. This is not going to turn the markets around. The theft has damaged the consumers!

    All big money and smart people know that our entire monetary system is a house of cards. The derivatives are still out there and the money pools have to continue to be inflated in order to absorb that. We are talking 10 times global GDP! At the current rate we need at least another decade but will the people allow this?

    Ivan cited Brazil and Venezuela, one look at them and you see the desperation setting in. These are not just the decade long repeats. These are countries who have reached the cracking point. While everyone is going along with printing no one boat floats higher than the others. But, when one boat starts looking like a submarine…. then everyone notices.

  5. Bob Innes says:

    I wish I had as much faith as Ivan in bankers, and am glad he included the word ‘maybe’ in his intro. No doubt bankers are trying to pull back from the precipice of instability & public outrage, but given the enormous incentives involved, and the fact that this new exchange will permit HFT, albeit restrained, I can only think of the following quote:

    “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all their possessions until their children wake up homeless on the continent their Fathers conquered.” (1930s retroquote usually attributed to Jefferson. Stocks or currency, it’s about control by them).

    I hope the trading tax that Joe’s link referred to is implemented, which is undoubtedly a better solution. It makes me wonder if the threat of such action was the reason for the sudden exchange proposal in the first place. It which case, tax the bastards–inversely based on time held. Please pardon my french.

    As for gold, this now-chastened ‘investor’ is thinking that gold (and stocks in general) is a game for big boys (& nations) only, who can anticipate all these machinations (hypothecation, shorting, dark pools, death spiral financing, tungsten, etc, etc). It looks to be like the swoon in 1975 (50%) so there’s still time to conserve and find a better place for your capital. Seems like a bird in the hand is worth more than a possible, if, maybe, perhaps, hyped up, gold, ever if it does move 800%. Why do we see the US housing market going up when applications for mortgages are going down? There’s more than just me trying to call it quits.

    1. Ivan Lo says:

      You make very valid points Bob.

      As for HFT taxing, please see my reply to Joe.

      As an aside to your quote, here is another famous one by Abraham Lincoln:

      “”The money powers prey upon the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”

  6. Bat Tang says:

    Talking about “fairness”, it’s a very good thing> Like Stockhouse.ca. it denies me to join it as a member over a decade or two. Now it denies me to get stock quotes provided by stockhouse. It gives me no reason, or explanation.. I believe somekind of arbitrary decision. disregard of human justice or common sense. I can get quote from other source. It’s just for convenience. B. Tang

  7. John says:

    Will “anonymous” still exist on the new exchange?
    Or will we be able to see which brokers and dealers are doing the trades.

  8. Joseph F says:

    Great comments. It’s not very often you read such well written comments. Seems like many here are industry insiders, which is a great thing. A new exchange can only do so much. I see Ivans restraint by giving the benefit of the doubt to Aequitas, until he speaks with them – which is fair. I hope he asks many of the concerns in the comments here. Well done guys

  9. Errol says:

    A question for the new Group, Aequitas and CSC.
    Why, if you’ll are protecting investors from losing money in their RRSP accounts, do you’ll allow covered option sells and straight options, but not spreads which are actually safer especially with Leaps?

  10. Just in case there is an illusion in a name usabaygreen ,(us and business and your great real energy entertainment news) . The table is set let us try to see if wee can all eat, right now Canada is a survive + when the year 2020 hits based on both the USA and the Canadian GOVT. STUDIES. There are enough .net .org and .ca’s site’s to verify that, and the USA is not because of one continent across the Pacific, if the two allies split because of population they both will loose. Crash Coarse Chris Martenson.com nothing hidden there and all sites to verify . The people who live day to day do not follow or will ever follow the news and rules they will just react when the boiling point hits. 2 Great Countries with a border still as close as it gets to being without a wall. China has a wall and the money to bleed the resources from any continent while stopping there own exports totally, a one way street. Obama is lame and trying to move from one disaster to another with the media on his side. When the resources are fully diminished which is not if but when he will be gone and the biggest stockpile will not be on the North American/Canadian Continent. THE ENVIRONMENTAL STRATEGY will be won by them and they will throw the key away on the rest.This new exchange could change history and form bonds to help many, but it can also destroy all if they follow the trail of paper money that means nothing. Already the USA and S. Korea have a bond that has been broken but not to the media. Imports and exports between S Korea and China can only be paid with the China currency the YUAN or GOLD. No other currency is accepted or the order is denied, this not only hurts the USA Dollar but the Gold that China is buying by buying land resources in Canada with the interest from US LOANS, they are getting it for free and the USA has troops in S. Korea what bank do they use. Gods speed Canada and the USA to make things fair not create fear and this exchange can do that, without all the political hyperinflation that will affect our children and the Continents resources forever, we do not need to be there land fill. Stand together and others will join, fear each other with the resource of greed and we will never survive. I am down in the USA and my best pick that has helped the most people from everywhere is a hospital in New York that helps the children from everywhere Mount Sanai for the children and my monthly dividend goes to them and I do not take the write off that is not giving to us, and the company just changed there name from Canada which was Petrobakken and now Lightstream (LSTMF) is there symbol and they have integrity , you can look at all there other statistics but they do what they say even with the odds against them, that could change but they have changed the life of many in some of the harshest conditions, they are not make believe they are using the cards that the good Lord gives them. I am sure there might be more buy and sell and get in and get out companies on both sides of the border but there swing has only been giving over 30+++months of dividends to those in there biggest fight of there life. This is no promo but if it was the new exchange could change a lot for many. usabaygreen.com is going to be there to help and if EQUEDIA needs a link to go right to them it is on the house they have helped so many already, and any other organization just trying to do better the link is on us but the children and the life from the land comes first. We have to have air to breath and food to survive what the land puts on our plate if it is worked well it will last, if not we will all be in the past. We wish the best for all who really care the Good Lord will be the Judge of the rest so put the past behind and do your best, you might be surprised.

  11. Don says:

    Aequitas Innovations, the Latin word for fairness…

    http://www.youtube.com/watch?v=GNKksnjOCP4

    …yeah, right.

    1. Jimmy says:

      How does Aequitas address issues that Joe mentioned regarding IIROC and other regulation problems?

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  15. William says:

    Hi: talk about small we all are even the largest institutions, I have company talked with and have small investment with because of small change move price and turn it to swing traders highlight, off subject but have this hi tech company /small cap and Multi business BILLION HOUSEHOLD NAME CLIENTS WHO HAVE ALL RENEW AND IN PROCESS OF RENEWING CONTRACTS, PICKENS KNOWS PLUS OTHERS BUT ALL ARE OUT SOURCING BECAUSE MANY REASON INSURANCE ONE. Need venture player who is not afraid but shake dice for whole world wide market, connections strong along with several Govt.’s ok .Have domestic and internaional patents and more in oven, hi tech does that, you use everyday no matter who you are, but Venture capitalist will have to have balls in right place. 1 Mil$USA per machine and first to get will leave the caveman style behind. Ball in your court, buy north of the border with Venture player and $ will be fore ever which nothing is, Tribal influence would be a huge plus have USA Tribal in line but need leader, not followers they are already there. Sorry of Subject but when this clicks the World will click with it and I mean all the world, take with a grain of salt or step up, I have tripled and will keep going but would like to let the best do there best to get the best$. You have E Mail or leave message at buffaloherds@aol.com . I always return messages and no one gets burned the worse they can do is say no and I don’t want no grants from any Govt.
    Thanks
    William

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