{"id":4974,"date":"2012-07-28T06:09:47","date_gmt":"2012-07-28T10:09:47","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4974"},"modified":"2012-07-28T06:09:47","modified_gmt":"2012-07-28T10:09:47","slug":"study-high-speed-trading-hurts-long-term-investors-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/","title":{"rendered":"Study: High-Speed Trading Hurts Long-Term Investors &#8211; WSJ.com"},"content":{"rendered":"<p>SCOTT PATTERSON: Investors trying to trade cost-effectively often find themselves standing in line behind the fleet-footed traders and are forced to wait to execute their trades, which in turn can cause poorer results, the report [by Pragma Securities LLC &#8212; a research and trading firm] says. The upshot: Investors are often paying more for many blue-chip stocks than they would have otherwise.<\/p>\n<p>The results contradict a number of industry and academic studies that claim high-speed trading has cut costs for investors.<\/p>\n<p>via <a href='http:\/\/online.wsj.com\/article\/SB10000872396390443931404577551633192136866.html?mod=e2tw'>Study: High-Speed Trading Hurts Long-Term Investors &#8211; WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SCOTT PATTERSON: Investors trying to trade cost-effectively often find themselves standing in line behind the fleet-footed traders and are forced to wait to execute their trades, which in turn can cause poorer results, the report [by Pragma Securities LLC &#8212; a research and trading firm] says. The upshot: Investors are often paying more for many &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Study: High-Speed Trading Hurts Long-Term Investors &#8211; WSJ.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[1692],"class_list":["post-4974","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-high-speed-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Study: High-Speed Trading Hurts Long-Term Investors - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study: High-Speed Trading Hurts Long-Term Investors - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"SCOTT PATTERSON: Investors trying to trade cost-effectively often find themselves standing in line behind the fleet-footed traders and are forced to wait to execute their trades, which in turn can cause poorer results, the report [by Pragma Securities LLC &#8212; a research and trading firm] says. The upshot: Investors are often paying more for many &hellip; Continue reading &quot;Study: High-Speed Trading Hurts Long-Term Investors &#8211; WSJ.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-28T10:09:47+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Study: High-Speed Trading Hurts Long-Term Investors &#8211; WSJ.com\",\"datePublished\":\"2012-07-28T10:09:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/\"},\"wordCount\":100,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"high-speed trading\"],\"articleSection\":[\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/\",\"name\":\"Study: High-Speed Trading Hurts Long-Term Investors - WSJ.com - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-07-28T10:09:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/28\/study-high-speed-trading-hurts-long-term-investors-wsj-com\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Study: High-Speed Trading Hurts Long-Term Investors &#8211; WSJ.com\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1ie","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":6357,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/04\/high-speed-traders-profit-at-expense-of-ordinary-investors-a-study-says-nytimes-com\/","url_meta":{"origin":4974,"position":0},"title":"High-Speed Traders Profit at Expense of Ordinary Investors, a Study Says &#124; NYTimes.com","author":"Colin Twiggs","date":"December 4, 2012","format":false,"excerpt":"NATHANIEL POPPER and CHRISTOPHER LEONARD write: The chief economist at the Commodity Futures Trading Commission, Andrei Kirilenko, reports in a coming study that high-frequency traders make an average profit of as much as $5.05 each time they go up against small traders buying and selling one of the most widely\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5523,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/19\/for-superfast-stock-traders-a-way-to-jump-ahead-in-line-wsj-com\/","url_meta":{"origin":4974,"position":1},"title":"For Superfast Stock Traders, a Way to Jump Ahead in Line &#8211; WSJ.com","author":"Colin Twiggs","date":"September 19, 2012","format":false,"excerpt":"By SCOTT PATTERSON and JENNY STRASBURG Haim Bodek was a Wall Street insider at Goldman Sachs and UBS before launching his own [high-frequency] trading firm. Mr. Bodek approached the Securities and Exchange Commission last year alleging that stock exchanges, in a race for more revenue, had worked with rapid-fire trading\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13470,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/06\/18\/iex-group-gains-approval-for-stock-exchange-the-new-york-times\/","url_meta":{"origin":4974,"position":2},"title":"IEX Group Gains Approval for Stock Exchange | The New York Times","author":"ColinTwiggs","date":"June 18, 2016","format":false,"excerpt":"By NATHANIEL POPPER: America is getting a new stock exchange from the most prominent critics of high-frequency trading. After months of delays and a brutal lobbying battle that divided Wall Street, the IEX Group won approval on Friday from the Securities and Exchange Commission to become the nation\u2019s 13th official\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5243,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/13\/west-australian-small-investors-getting-burnt\/","url_meta":{"origin":4974,"position":3},"title":"West Australian: Small investors getting burnt","author":"Colin Twiggs","date":"August 13, 2012","format":false,"excerpt":"Computer-based trading has meant that the market is no longer fair, writes David Tasker. The Australian Securities Exchange is seen by many as one of the most transparent markets in the world, a place where everyone is informed at the same time and where investors big and small can trade\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5251,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/14\/how-high-frequency-trading-robots-are-creating-a-bumpy-ride-for-main-street-nasdaq-com\/","url_meta":{"origin":4974,"position":4},"title":"How High Frequency Trading Robots Are Creating a Bumpy Ride for Main Street &#8211; NASDAQ.com","author":"Colin Twiggs","date":"August 14, 2012","format":false,"excerpt":"By Barbara Cohen While HFTs may argue that they bring liquidity to the Market, they cannot dispel the concerns that liquidity comes at a very high price to investors \u2013 increased volatility. In a report issued in September 2011, associate professor Frank Zhang of Yale University stated that once an\u2026","rel":"","context":"In &quot;Trading&quot;","block_context":{"text":"Trading","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/trading\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9413,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/the-importance-of-regulation\/","url_meta":{"origin":4974,"position":5},"title":"The importance of regulation","author":"ColinTwiggs","date":"March 8, 2014","format":false,"excerpt":"Capitalism without regulation is prone to excesses, driven by individuals pursuing their own self-interest. Price-gouging and provision of inferior quality goods and services are held in check by competition, but there are other aberrations against public morals, or not in the public interest, that require regulation. Historical examples would be\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4974"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4974\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}