Stock Trading facts
While investigating facts about Stock Trading Apps and Stock Trading For Beginners, I found out little known, but curios details like:
After a Federal Reserve interest rate decision in 2013, trades were registered in the Chicago stock market within 2 milliseconds of the announcement. These trades were later found to be insider trading, as this information would take 7 milliseconds to reach Chicago at the speed of light.
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Richard Dennis turned $400 into $200 million on the stock market. To prove wrong the people who said his fortune was due to luck, he picked up a group of people off the street with no previous experience and taught them how to trade. In 5 years, they made $175 million using his strategies.
What's stock trading?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is stock market trading. Here are 50 of the best facts about Stock Trading For Dummies and Stock Trading Platforms I managed to collect.
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JFK's father, Joseph P Kennedy, realised in 1929 that speculation would cause a stock market crash when a shoe-shine boy offered him some trading advice
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During the OJ Simpson verdict, long distance call volume fell by 58%, stock trading fell by 41%, and water use declined as people avoided going to the bathroom
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A French man, Max Herve-George, has an insurance policy that lets him trade stocks based on last week's prices. It's been called the stupidest contract ever signed, and may end up with him owning the insurance company.
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The stock deal which took place at the end of Trading Places was legal until 2010. It was outlawed under the Wall Street Transparency and Accountability Act, also known as "The Eddie Murphy Act".
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Only about 10% of stock trades are done by actual humans. The remainder is done by high frequency trading algorithms and day trading bots.
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There are people who believe our birth certificates are actually bonds for money deposited in our names at birth, and these bonds are traded like stocks on the NYSE.
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A man named Peter Wade derailed a train in 1982 to see what would happen, crushing the engineer who used his body to protect a teenager. Wade later went to WallStreet and made millions trading stock and then became a hollywood filmmaker.
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In 2010, a guy placed a $200 million stock exchange order that would pay off if the markets dropped. Automated trading programs overreacted, briefly crashing the markets by 10%. He then bought a bunch of stock cheap, profiting $40 million. He was identified and arrested in 2015.
Stock Trading data charts
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Why stock trading halted?
You can easily fact check why stock trading is the best by examining the linked well-known sources.
During the OJ Simpson verdict broadcast "Long-distance telephone call volume declined by 58% and trading volume on the New York Stock Exchange by 41%, water usage decreased as people avoided using bathrooms ... the verdict cost an estimated $480 million in lost productivity."
A computer tech forgot to install some new code in a server. This resulted in a high speed stock trading company that did $21 billion in daily trades to go bankrupt in 45 minutes - source
Circuit breakers halt trading on the nation's stock markets during dramatic drops and are set at 7%, 13%, and 20% of the closing price for the previous day. - source
Companies that are mounting laser beams on top of buildings to deliver financial trading data tiny bits faster than fiber optic. This allows high speed stock trading algorithms to capitalize on info known before anyone else.
In 2013 some trading firms laid a new transatlantic fiber-optic cable stretching 3,000 miles and costing 300 million USD between London and New York. As a result, their stock trading orders are executed 5.2 milliseconds faster. - source
When does the stock market halt trading?
Blockbuster's stock is still publicly traded
How stock trading make money?
The New York Stock Exchange switched from floor trading (by shouting and using hand signals) to an electronic system in 2007, 21 years after London did.
A stock trader cost his company almost 10mil trading while blacked out.
Actor Josh Brolin made so much money from stock trading in his 20's he briefly considered retiring from acting.
Canada's stock market is electronic. So nobody has to shout on the trading floor, like we often see in movies that show the New York Stock Exchange.
Members of Congress consistently outperform stock market indexes & financial professionals because they're legally allowed to insider trade.