Let's say that there is a buyer willing to buy 100,000 shares of BRCM with a limit price of $26.40. That is, the buyer will accept any price up to $26.40.
But the market at this particular moment in time is at $26.10, or thirty cents lower.
So the computers, having detected via their "flash orders" (which ought to be illegal) that there is a desire for Broadcom shares, start to issue tiny (typically 100 share lots) "immediate or cancel" orders - IOCs - to sell at $26.20. If that order is "eaten" the computer then issues an order at $26.25, then $26.30, then $26.35, then $26.40. When it tries $26.45 it gets no bite and the order is immediately canceled.
The rich have never had it so good
According to government figures, 1-percenters' share of America's total income is the highest it's been since 1929, and their tax rates are the lowest they've faced in two decades. Through bonuses, many 1-percenters will profit from the $23 trillion in bailout largesse the Treasury Department now says could be headed to financial firms. And most of them benefit from IRS decisions to reduce millionaire audits and collect zero taxes from the majority of major corporations.
But what really makes the ultra-wealthy so fortunate, what truly separates this moment from a run-of-the-mill Gilded Age, is the unprecedented protection the 1-percenters have bought for themselves on the most pressing issues.
WHO moves forward in secrecy to accomplish forced vaccination and population agenda
The WHO has refused to release the Minutes of a key meeting of an advisory vaccine group – packed with executives from Baxter, Novartis and Sanofi – that recommended compulsory vaccinations in the USA, Europe and other countries against the artificial H1N1 “swine flu” virus this autumn.In an email this morning, a WHO spokesperson claimed there are no Minutes of the meeting that took place on July 7th in which guidelines on the need for worldwide vaccinations that WH0 adopted this Monday were formulated and in which Baxter and other pharma executives participated.
WHO Will Be Killing You? (WHO) - World Health Organization Facts & Rumors
Deadly blast hits Iraqi party HQ
A car bomb attack on the headquarters of a Sunni party in Iraq has killed at least four people and wounded at least 23 in the central city of Falluja.
The offices of Vice-President Tareq Hashemi's Islamic party were almost completely destroyed.
U.S. stops giving militant death tolls in Afghanistan
U.S. military officials in Afghanistan have halted the practice of releasing the number of militants killed in fighting with American-led forces as part of an overall strategy shift that emphasizes concern for the local civilian population's well-being rather than hunting insurgent groups.
The decision has triggered a quiet but fierce debate among military officers comparing the current situation with the U.S. experience in Vietnam, when military officials exaggerated body counts and used them as a measure of success.
Big Tobacco Sets Its Sights on Africa
It's easy enough to buy a smoke at Isa Yakubu's grocery store on a busy street in Lagos, Nigeria. Never mind if you don't have much money. Most local merchants are happy to break open a pack and sell cigarettes one at a time — single sticks, as they're known — for about 10 Nigerian naira, or 7 cents. "St. Moritz is the most popular brand," says Yakubu. "But [people] also like Rothmans and Benson & Hedges."
Agent Orange linked to heart disease, Parkinson's
Agent Orange, used by U.S. forces to strip Vietnamese and Cambodian jungles during the Vietnam War, may raise the risk of heart disease and Parkinson's disease, U.S. health advisers said on Friday.
More...
TVNL Comment: Google images "Agent Orange Vietnam." The full truth will never be out.
Suicide bombers hit Afghan city
Taliban militants, including several suicide bombers, have attacked government buildings in the south-eastern Afghan city of Khost.
The militants, armed with automatic weapons, battled security forces until six blew themselves up and one was shot dead, according to defence officials.
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