What's The Point Of Hiding It Any Longer?
by Tyler Durden
09/06/2014 10:02 -0400
Compare and contrast.
From the Chicago Mercantile Exchange 2012 10-K:
Customer BaseOur customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers and governments.
And from the Chicago Mercantile Exchange 2013 10-K:
Customer BaseOur customer base includes professional traders, financial institutions, institutional and individual investors, major corporations, manufacturers, producers, governments and central banks.
And there you have it, but in case anyone is still confused, here is some more:
- "Cluster Of Central Banks" Have Secretly Invested $29 Trillion In The Market
- Bank Of Japan Plunge Protection Team Goes Into Overdrive, Buys Most ETFs Since 2010
- It's Settled: Central Banks Trade S&P500 Futures
At this point why even pretend there is a "market"? The "market", and by "market" we mean stocks - it has long been known that central banks actively trade bonds, FX and commodities - is whatever central banks say it is.
Finally, if central banks are going to be rigging the market as they now conclusively are on a daily basis,perhaps they can disclose ahead of the trading day start to everyone, and not just the primary dealers, what the closing S&P 500 price for any given day is.
(89 votes)
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