HFT Orders Getting filled against market

Discussion in 'Order Execution' started by max_w, Nov 17, 2014.

  1. Butterfly

    Butterfly

    volpunter talking out of his arrogant arse again LOL !!! he really has no clue,

    playing a triangular arbitrage with several FX brokers in different "electronic" pits is impossible, the "flash" counter-party will not resolve and you will get shutdown in your trade if it's properly programmed or lose money as you should if the trading algo goes ahead. Basically, the banks own the order book and therefore they own you.

    just happened to a friend a few months ago, I told him to use Python next time to solve it (bait) !!! :)
     
    #31     Nov 22, 2014
  2. Not many people know that.
     
    #32     Nov 22, 2014
  3. if you read correctly then I said it is not possible to profitably run a triangular arbitrage model anymore. Snf if you treated your anger issues then you would not react like someone stung by a bee. Use Python to heal your anger issues (bait).

     
    #33     Nov 22, 2014
  4. which bank owns LMAX's order book. And which single bank owns IB'S fx order books? Please enlighten us because I am more than curious!!! You still refuse to comprehend that there are ECNs out there that use banks as liquidity providers and retain the anonymity of risk takers. Then there are ECNs out there that go a step further (LMAX) and let everyone participate in the full order book regardless of whether you are a bank, hedge fund, or retail Joe. Still claim a bank or some banks own LMAX?

     
    #34     Nov 22, 2014
  5. Butterfly

    Butterfly

    anger issues ? oh that's rich coming from you, you have been throwing tantrum in every threads that exposed you to a world you didn't understand LOL !!!

    it was never possible to run a pure triangular arbitrage in FX markets, simply because of the counter-party issues using different exchanges or pits

    Ironically it might become possible soon, thanks to new US regulations, forcing FX pits to be "transparant" and centrally located to stop market fragmentation and market manipulation. We all know now, thanks to the new FX scandals of the last few months, that the FX market was completed rigged since its beginning.
     
    #35     Nov 22, 2014
  6. Butterfly

    Butterfly

    we all see those internet ads trying to lure poor suckers to those "FX" platforms so they can make millions,

    they are basically scams, trying to create liquidity and manufacturing profits for market makers by using "retail clients" as a source of capital.

    It's criminal and they should be shutdown, and that's what the US regulators are trying to do now, after they fine to oblivion those big banks for doing such harm for so long to the FX markets.
     
    #36     Nov 22, 2014
  7. The LMAX order book is owned by Deutsch Bank. The IB book is owned by Banks of America. There, I hope you are now enlightened.

    The bank liquidity provider doesn't care who is handing over their money. The moment it is handed over, the money is bank's money. What possible usefulness could there be for the bank to know the money actually came from Joe Blow ? One thing the bank will know for sure is that money didn't come from another bank. Selling anonymity to Joe Blow is as useful as selling snow to an Eskimo.
     
    Last edited: Nov 22, 2014
    #37     Nov 22, 2014
  8. bullshit, provide proof of your claims and I brow to you and publicly apologize. But I am absolutely sure you are incorrect. You had no clue about the fx world and suddenly you are self-proclaimed currency expert. Give me a break. Please do not forget to provide proof for your claims.

     
    #38     Nov 22, 2014
  9. I have run electronic triangular arbitrage for more than 2 years in the past. I maintained several accounts with each of the brokers in question. You inject yourself AGAIN into threads you know nothing about and make outrageous claims and shoot others down. There will not be an end to fx market fragmentation, bollocks. Not at least before the end to equity market fragmentation is signed off on. And yes, now you know that fx benchmarks were rigged. Big deal for you because you price your basement exotic fx derivatives according to WM/Reuters fx benchmarks right? LOL.

     
    #39     Nov 22, 2014
  10. all are scams right? And equity exchanges in the US (despite being heavily regulated) are not scams right? You seem very young, unschooled in differentiating and being specific in your claims. I have never felt I was taken advantage of by the brokers I trade with because I make sure the broker has an inherent interest in me being profitable. I get a case of champagne (sometimes wine) each year as part of a thank you for the (outrageous) commission I fork over. But I feel the money is worth it. Nobody is perfect but if you have a clue and dig a little you still can find reputable counter parties in this industry.

     
    #40     Nov 22, 2014