tag:blogger.com,1999:blog-37479680.post5180720771701113714..comments2023-11-02T16:07:58.430+00:00Comments on Kenya Capital Investment Group: Investment banks should be banned from proprietary tradingMainaThttp://www.blogger.com/profile/12266497232119983697noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-37479680.post-60943417198183754822009-11-22T13:08:50.121+00:002009-11-22T13:08:50.121+00:00Maishinski :-) the NSE's founding fathers don&...Maishinski :-) the NSE's founding fathers don't anything about modern share-tradingMainaThttps://www.blogger.com/profile/12266497232119983697noreply@blogger.comtag:blogger.com,1999:blog-37479680.post-75192285787255543992009-11-10T02:08:18.600+00:002009-11-10T02:08:18.600+00:00Well said Maina T! NyamburaWell said Maina T! NyamburaUnknownhttps://www.blogger.com/profile/16221827930165870605noreply@blogger.comtag:blogger.com,1999:blog-37479680.post-72630540416586153022009-11-09T15:26:41.817+00:002009-11-09T15:26:41.817+00:00Concur Fully. Please send that excellent example t...Concur Fully. Please send that excellent example to CMA (they're collecting views!).<br /><br />How about this:<br />- You place your BUY order<br />- Angukia takes the details BUT doesnt lodge it in the ATS system<br />- Angukia monitors the market and sees the direction <br />- angukia takes a position (buys) with his/her own cash<br />- angukia then sells to you at higher price (but not too high to arouse suspicion). <br /><br />All angukia needs is 1% returns every day over hundreds of minute transactions.<br /><br />Angukia can also use your orders to manipulate demand/supply without actually executing your order. Example, entering your buy order at the lowest price (or sell at highest) possible - such that it cant be executed (even if you placed at market). This can tip demand/supply numbers tricking investors.<br /><br />Angukia can also "refuse" to place your order by tricking the system. <br />Then you get your statement showing the order as unexecuted.<br />Angukia then has time to play around with demand/supply...<br /><br />As long as there's no immediate and (fingers crossed) direct placement of orders to ATS by investors, there will always be manipulation at our expense.Maishinskihttps://www.blogger.com/profile/02919244949716240090noreply@blogger.com