{"id":26640,"date":"2011-07-26T09:41:28","date_gmt":"2011-07-26T07:41:28","guid":{"rendered":"http:\/\/www.pauljorion.com\/blog\/?p=26640"},"modified":"2013-01-02T14:37:33","modified_gmt":"2013-01-02T13:37:33","slug":"marianne-paul-jorion-annonce-la-crise-suivante-celle-des-dark-pools-par-laurent-pinsolle","status":"publish","type":"post","link":"https:\/\/www.pauljorion.com\/blog\/2011\/07\/26\/marianne-paul-jorion-annonce-la-crise-suivante-celle-des-dark-pools-par-laurent-pinsolle\/","title":{"rendered":"<b>MARIANNE, \u00ab\u00a0Paul Jorion annonce la crise suivante, celle des <em>dark pools<\/em> \u00bb<\/b>, par Laurent Pinsolle"},"content":{"rendered":"<p>Un compte-rendu &#8211; qui s&rsquo;annonce en deux parties &#8211; de <a href=\"http:\/\/www.amazon.fr\/Capitalisme-%C3%A0-lagonie-Paul-Jorion\/dp\/2213654883\/ref=sr_1_1?s=books&#038;ie=UTF8&#038;qid=1311530168&#038;sr=1-1\">Le capitalisme \u00e0 l&rsquo;agonie<\/a> (Fayard 2011). J&rsquo;allais \u00e9crire \u00ab\u00a0une critique\u00a0\u00bb, mais le mot aurait \u00e9t\u00e9 trop fort : \u00ab\u00a0<a href=\"http:\/\/www.marianne2.fr\/Paul-Jorion-annonce-la-crise-suivante-celle-des-dark-pools_a208817.html\">Paul Jorion annonce la crise suivante, celle des <em>dark pools<\/em><\/a> \u00bb.<\/p>\n<p>Je signale un petit malentendu :<\/p>\n<blockquote><p>Paul Jorion souligne que [les <em>dark pools<\/em> et le High Frequency Trading] permettent le \u00ab front running \u00bb, syst\u00e8me o\u00f9 une banque place un ordre d\u2019achat en son compte juste avant l\u2019ex\u00e9cution de l\u2019ordre important d\u2019un client, qui fait donc monter les cours, pour lui \u00ab une vari\u00e9t\u00e9 du d\u00e9lit d\u2019initi\u00e9 \u00bb.<\/p><\/blockquote>\n<p>Non : comme je l&rsquo;explique dans le livre, les <em>dark pools<\/em> ont \u00e9t\u00e9 pr\u00e9cis\u00e9ment introduits pour rendre le \u00ab\u00a0front running\u00a0\u00bb impossible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Un compte-rendu &#8211; qui s&rsquo;annonce en deux parties &#8211; de <a href=\"http:\/\/www.amazon.fr\/Capitalisme-%C3%A0-lagonie-Paul-Jorion\/dp\/2213654883\/ref=sr_1_1?s=books&#038;ie=UTF8&#038;qid=1311530168&#038;sr=1-1\">Le capitalisme \u00e0 l&rsquo;agonie<\/a> (Fayard 2011). J&rsquo;allais \u00e9crire \u00ab\u00a0une critique\u00a0\u00bb, mais le mot aurait \u00e9t\u00e9 trop fort : \u00ab\u00a0<a href=\"http:\/\/www.marianne2.fr\/Paul-Jorion-annonce-la-crise-suivante-celle-des-dark-pools_a208817.html\">Paul Jorion annonce la crise suivante, celle des <em>dark pools<\/em><\/a> \u00bb.<\/p>\n<p>Je signale un petit malentendu :<\/p>\n<blockquote>\n<p>Paul Jorion souligne que [les <em>dark pools<\/em> et [&hellip;]<\/p>\n<\/blockquote>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1,18],"tags":[1438,244],"class_list":["post-26640","post","type-post","status-publish","format-standard","hentry","category-economie","category-monde-financier","tag-dark-pools","tag-high-frequency-trading"],"_links":{"self":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/26640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/comments?post=26640"}],"version-history":[{"count":8,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/26640\/revisions"}],"predecessor-version":[{"id":47247,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/26640\/revisions\/47247"}],"wp:attachment":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/media?parent=26640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/categories?post=26640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/tags?post=26640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}