How can a $35 book go upto $23,698,655.93 (plus $3.99 shipping) at AMAZON? Real Story !

How can a $35 book go upto $23,698,655.93 (plus $3.99 shipping) at AMAZON? Real Story !
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After a few days From http://www.michaeleisen.org/blog/?p=358  Michael Eisen’ Blog: “….But two questions remained. Why were they doing this, and how long would it go on before they noticed? As I amusedly watched the price rise every day, I learned that Amazon retailers are increasingly using algorithmic pricing (something Amazon itself does on a large scale), with a number of companies offering pricing algorithms/services to retailers. Both profnath and bordeebook were clearly using automatic pricing –…

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How Computing Power changes the way stock markets run? Impact of Algo Trading and High Frequency Trading (HFT)

How Computing Power changes the way stock markets run? Impact of Algo Trading and High Frequency Trading (HFT)
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6 May 2010: Stock prices can go down as well as up. Never in financial history has this adage been more apt than on 6 May 2010. Then, the so-called “Flash Crash” sent shocks waves through global equity markets. The Dow Jones experienced its largest ever intraday point fall, losing $1 trillion of market value in the space of half an hour. History is full of such fat-tailed falls in stocks. Was this just another…

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