Mysterious Algorithm Was 4% of Trading Activity Last Week - CNBC.com. Traders are still trying to figure out what caused a number of mysterious market moves this week, with Eric Hunsader, Nanex.
"Yesterday's trading was likely an aggressive algorithm," he says. The scariest part of this single program was that its millions of quotes accounted for 10 percent of the bandwidth that is allowed for trading on any given day, according to Nanex. (The size of the bandwidth pipe is determined by a group made up of the exchanges called the Consolidated Quote System.)
(Read More: Cuban, Cooperman: Curb High-Frequency Trading.) The Global Dow. Like its famous progenitor, the Dow Jones Industrial Average (INDU), stocks in The Global Dow are selected by senior editors of The Wall Street Journal.
Joining them for this new index were Dow Jones Newswires senior editors in the three major regions of the globe. But unlike the Dow everyone is familiar with, The Global Dow is much bigger—150 stocks rather than 30—and its components are weighted equally rather than by price. All 30 Dow industrial stocks are included in The Global Dow, as well as some from the Dow Jones Transportation and Utility averages. The biggest difference, however, is in concept and purpose. Facebook. IDEAL Currency Identifier App Helps Blind Count Cash. What explains poor growth in the UK? The IMF thinks it's fiscal policy. International Monetary Fund Home Page.