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Clubber Lang
Registered: Jun 2008
Posts: 2179 |
10-15-12 04:10 PM
Stopped reading right after this nonsense-
"Profits from high-speed trading in American stocks are on track to be, at most, $1.25 billion this year, down 35 percent from last year and 74 percent lower than the peak of about $4.9 billion in 2009, according to estimates from the brokerage firm Rosenblatt Securities. By comparison, Wells Fargo and JPMorgan Chase each earned more in the last quarter than the high-speed trading industry will earn this year."
Those numbers aren't even in the ballpark.
Only 1.25 billion profit. LMAO.
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CT10Gov
Registered: Sep 2012
Posts: 438 |
10-15-12 04:10 PM
You know better because......?
Quote from Clubber Lang:
Stopped reading right after this nonsense-
"Profits from high-speed trading in American stocks are on track to be, at most, $1.25 billion this year, down 35 percent from last year and 74 percent lower than the peak of about $4.9 billion in 2009, according to estimates from the brokerage firm Rosenblatt Securities. "
Those numbers aren't even in the ballpark.
Only 1.25 billion profit. LMAO.
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Clubber Lang
Registered: Jun 2008
Posts: 2179 |
10-15-12 04:32 PM
Quote from CT10Gov:
You know better because......?
Because my old firm cleared for an HFT firm and they averaged 1-3 million profit PER DAY (and not a single down day-- ZERO).
I acknowledge that HFT profits are down from their peak (because they've put so many people, firms, and smaller HFT shops out of business already), but the numbers in the article are a pittance compared to what the real profits are and were.
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marketsurfer
Registered: Apr 2002
Posts: 5790 |
10-15-12 04:35 PM
Quote from Clubber Lang:
Because my old firm cleared for an HFT firm and they averaged 1-3 million profit PER DAY (and not a single down day-- ZERO).
I acknowledge that HFT profits are down from their peak (because they've put so many people, firms, and smaller HFT shops out of business already), but the numbers in the article are a pittance compared to what the real profits are and were.
They hide the real profits for fear of getting shut down and raising public scrutiny, ire ? Therefore they are tax cheats and financial rogues, is that what you are saying? surf
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antaram
Registered: Apr 2011
Posts: 79 |
10-15-12 04:39 PM
hard to pay attention to numbers such as in this article, if a HFT firm makes 100 mm in gross trading profits in a given year, but spends 75 mm on technology during the same year, what's the number you would use to show their profitability? how would the author know how much HFT firms used on their HFT related expenses?
from the little that I know HFT is not as profitable as it used to be, the edge from new R&D is lower and comes at higher cost, volatility is down too
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