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Xena

Registered: Dec 2008
Posts: 47

05-12-12 02:30 PM

Quote from LincolnArmy:

Well said.

I'm only afraid that the ruling gets "watered down" to appease an interest group and then there will turn up a work around (e.g. multiple companies working in collusion where one sells and the other buys and the other way round).

The flash crash is one reason why I will battle on trading only currencies and the HFT antics are the reason why I only trade longer timeframes.

IMHO The shorter the timeframe the more things change and the shorter the "life" ("survivability") expectancy of the trading setup (or trader) due to technological and regulatory changes.

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mgrund

Registered: Feb 2012
Posts: 526

07-10-12 02:18 PM

So much for the vote-67 days and HFT is still with us, and here to stay.

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Occam

Registered: Apr 2009
Posts: 471

07-12-12 02:31 PM

Quote from mgrund:

So much for the vote-67 days and HFT is still with us, and here to stay.

The vote was delayed until "at least September" (and probably forever) according to a now-defunct WSJ link I posted earlier.

I was looking forward to seeing what the 1/2 second rule would do -- I don't know much about the rest of this legislation, but the 1/2 second rule would have been interesting, and beneficial, too, in my opinion, as long as the big players weren't exempted, as has often been the case in the past with these types of rules.

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mastertrader456

Registered: Aug 2011
Posts: 175

07-13-12 07:51 AM

Quote from jem:

will the retail volume come back in this generation.
we all saw how the exchanges constantly re rigged the game any time anybody but their shareholders made a profit. it is rather annoying. You develop an edge... if its real they find a way to transfer it to someone else.

I watched a few of my edges regulated away or we watched the exchanges change their practices to take it away. and while it did not effect me at the time... this b.s. about having 25g in your account. prevents a lot of would be traders from getting started.

Retail traders account for less than 1% of market volume. Doesnt matter if they come back. I dont have the research paper in front of me but there were calculations done to see what nominal $ value retail and retirement planing accounts traded. It equated to less than 1%. Retirees hold their money with mutual funds and pensions. Retail trades dont have the capital to effect volumes. Only institutional traders and institutions. Retail traders may have represented much high volume 30-40 years ago but now banks and hedge funds are prevalent and regulations allow them to trade. You can thank the 2005 SEC regulations for that.

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