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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by Experiencedon Jun 08, 2022 9:22am
140 Views
Post# 34739684

RE:"Flash Boys" HFT game under review

RE:"Flash Boys" HFT game under review
Obscure1 wrote:
Now, it appears that the SEC may roll out new rules as early as Wednesday, according to The Wall Street Journal, citing unnamed sources.
 
One proposed new rule, the paper said, would add more competition at the middleman level to ensure retail investors are actually getting the best prices. In that scenario, orders would be routed into auctions where trading firms would have to compete to execute them.

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The "Flash Boys" non-fiction book that delved into the world of high frequency trading  written by Michael Lewis appeared  in 2014.  To many, the story seemed almost too futuristic to be true.  I highly recommend picking up the book (new, used, kindle, even a 30 minute insta read summary).

You may have noticed that I have made a number of what could be construed as "cynical comments" over time about the Wall St big boys completely controlling the game.  Reading the book may help you understand one of the reasons why, but it goes much deeper which I learned the hard way from personal experience.  In hindsight, I feel blessed that I got bounced for blowing the whistle 30 years ago.
Having worked in the "industry" myself for many years before I retired, I have never viewed your comments as cynical - rather-realistic.

For a myriad of reasons which would take up too much space here, I very much doubt that the new rules will result in much advantage to retail investors.  Call me a cynic...lol - but I see the potential new rules as merely window dressing by the SEC.  As one example, I very much doubt that the new rules will have any impact on HFT which are a major cause of retail investors not getting the best deal.  Many of the computers for the HFT are co-located at the major exchnages in order to save nanoseconds of time to beat the trades of others.  The Exchanges have a vested interest (read conflict of interest) in keeping them happy.

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