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Comment: Re:Seems dubious to me. (Score 1) 195

by Guru2Newbie (#46702473) Attached to: Comcast Takes 2014 Prize For Worst Company In America
Here it is:

Monsanto using MPAA and RIAA tactics (Score:0) by Anonymous Coward on Tue Apr 08, '14 06:24 PM (#46700087)

Monsanto and Cargil do some really shitty things with their IP when it comes to their seeds - like suing farmers for having Monsanto's crops growing in their fields when they weren't purchased and suing seed washers for alleged violations of IP.

Comment: Re:Why not just a small transaction fee? (Score 1) 342

by Guru2Newbie (#46702413) Attached to: Australia May 'Pause' Trades To Tackle High-Frequency Trading
A simple transaction cost of maybe 1cent per share wouldn't affect a normal buyer at all,

Oh, yes it would. Say I'm a small trader with a small account of $10,000. No margin. I'm trading stocks under $2.00, and I buy 1000-2000 shares at a time (that's $2000-$4000 per position). I get charged $8 to buy or sell, so that's $16 in fees for one round-trip (buy and sell) trade.

Adding a $0.01 fee PER SHARE (not per transaction) adds in a $10 (1000x0.01) to $20 (2000x0.01) fee, so that's $20-$40 in extra fees per trade, plus the $16 per trade = $36-$56 just for ONE round-trip trade.

With fees like that, I might as well telephone in each trade to a broker and hand them the fees, and give up on individual trading altogether. I'd have to make that up in higher and higher profit for every trade that I make. Sometimes I'm only making $50 gross on a trade, and $34 net profit after the broker fees. That's not a lot.

Comment: Re:Won't work (Score 1) 342

by Guru2Newbie (#46702125) Attached to: Australia May 'Pause' Trades To Tackle High-Frequency Trading
There isn't any way for an HFT company to see an order "on its way" to an exchange.

Leaked info? No, try sold your information, and it's not insider trading. It's called Payment for order flow where brokers sell your intent to buy or sell to HFT companies. Before the trade takes place.

Quote from WSJ posting on 4/6/2014: "Shares of E*Trade Financial Corp. ETFC +0.05% , Charles Schwab Corp. SCHW +0.27% and TD Ameritrade Holding Corp. AMTD +0.26% tumbled last week amid concerns that regulators would ban a practice that allows brokerages to collect hundreds of millions of dollars a year in revenue by selling orders to middlemen who use high-frequency strategies to trade with the brokers' customers. The practice, called payment for order flow, has gained more attention since the release of "Flash Boys," a book by Michael Lewis that argues the markets are "rigged" to benefit high-frequency traders, allegations that are stirring up long-running questions about the fairness of markets."

+ - UK campaigners call for ban on "Killer Robots"->

Submitted by Guru2Newbie
Guru2Newbie (536637) writes "LONDON (Reuters) — Machines with the ability to attack targets without any human intervention must be banned before they are developed for use on the battlefield, campaigners against "killer robots" urged on Tuesday.

The weapons, which could be ready for use within the next 20 years, would breach a moral and ethical boundary that should never be crossed, said Nobel Laureate Jody Williams, of the "Campaign To Stop Killer Robots".

"If war is reduced to weapons attacking without human beings in control, it is going to be civilians who are going to bear the brunt of warfare," said Williams, who won the 1997 peace prize for her work on banning landmines.

Weapons such as remotely piloted drones are already used by some armed forces and companies are working on developing systems with a greater level of autonomy in flight and operation.

"We already have a certain amount of autonomy," said Noel Sharkey, professor of Artificial Intelligence and Robotics at the University of Sheffield.

"I think we are already there. If you asked me to go and make an autonomous killer robot today, I could do it. I could have you one here in a few days," he told reporters."

Link to Original Source

After any salary raise, you will have less money at the end of the month than you did before.