Are the glory days of HFT over?

Discussion in 'Trading' started by LukeZen, Jun 10, 2017.

  1. it'll be over soon, checkout Flash Boys. btw He's Canadian eh


    Company president William O'Brien disputed assertions in the book Flash Boys: A Wall Street Revolt. He was quoted in the New York Times as saying about the book's author, "Michael Lewis clearly has a blind side, as we’ve just discovered". O'Brien was "referring to a previous work by the journalist", the paper reported.[29] O'Brien's Twitter account was active[30] and he engaged in a "heated debate on live TV" with Lewis on CNBC[31] in the first days of the book's release and after an appearance by Lewis on 60 Minutes.[32] In the exchange with Lewis and IEX CEO, Brad Katsuyama, he denied that Direct Edge used low speed data sources for public pricing of trades, a point Katsuyama noted would support his own assertion that markets such as Direct Edge were structured to favor high-frequency traders. O'Brien's denial was false and he was publicly told to retract it by the New York District Attorney.[33] He left the company soon after.[34]
     
    Last edited: Aug 13, 2017
    #21     Aug 13, 2017
  2. volpri

    volpri

    Yes..it is about to fizzle out. Of course, PA patterns persist...wedges..flags..channels..triangles..BO's....they will continue....
     
    #22     Aug 13, 2017