It is not often that R Sivanithy of the Business Times (whom we have mentioned briefly before in our discussion of S Chips) is wrong, which makes his Market Commentary today an exception to the rule, one also worthy of discussing. I am thus motivated to write not to bash him, but to provide PDT readers with hard facts counter to his statements.
I have copied out the entire text of his commentary here in case it drops behind the BT paywall in future.
...SGX Market Commentary
Published July 25, 2011
STOCKS
Algo trading or institutional front-running?
By R SIVANITHY
SENIOR CORRESPONDENTIT PROBABLY wouldn’t have escaped the attention of those who watch closely the local stock market (or regular BT readers) that rises and falls in the Straits Times Index (STI) regularly presage similar movements in Europe and on Wall Street later the same day.
On Tuesday last ...