Are The Markets Rigged?

Discussion in 'Wall St. News' started by Stocktracker, Feb 24, 2018.

  1. Which provides an advantage to the likes of BATS who charges HFT's for feeds before the whole trade is executed. Isn't that similar to a casino charging well funded players a peek at the cards before they are dealt, so they can decide on their bets. I guess it depends on which side of the fence your sitting on, right. Per mortals can never use HFT, we wouldn't have the resources to get feeds from the likes of BATs or any matching and parsing engine.
     
    Last edited: Feb 24, 2018
    #11     Feb 24, 2018
  2. comagnum

    comagnum

    Spread betting .. is betting. When you truly understand the hard math of trading you will know that spread betting is a mugs game.
     
    #12     Feb 24, 2018
  3. ajacobson

    ajacobson

    In the 60's it was fixed commissions and the proliferation of multual funds that was screwing up the market.
    In the 70's it was SOES/RAES bandits that were screwing up the markets.
    In the 80's it was the proliferation of financial derivatives and dynamic hedging that was screwing up trading.
    In the 90's it was growth of ETFs and the beginning of rebate trading that was screwing up the market.
    From 2000 on it was the HFTs, Dark Pools and the fragmentation of exchanges that was screwing up the markets,
    Now it's HFT, private feeds, volatility products, data costs and 24 hour trading and the proliferation of technology that's screwing up the markets.

    When you can't dance you gripe about your shoes not fitting, your shirt being too tight or your partner being a bad dancer.
    Markets evolve and traders learn - volumes keep growing and clever people always will look for an edge. There is NO requirement to trade and there are Thousands of firms worldwide looking for proven traders
     
    #13     Feb 24, 2018
  4. And also that there is no risk-free position, whether it’s naked, hedged, non-correlated, mean reverting, etc.....
     
    #14     Feb 24, 2018
    comagnum likes this.
  5. Is all investing betting? From our perspective all speculation is considered betting. We are all speculators unless we own enough shares to sway company directors/direction. Label it way you like, who really cares as long as we make money. FYI we live in a capitalistic society, that's how it works...
     
    #15     Feb 24, 2018
    tomorton likes this.
  6. Everything is...technically...rigged in society to favor the elite, and powerful and smart,
    While the dumb, inexperienced sheep masses get stuck in nowhere land.

    Besides, the only people who complain and moan about it are the people who happen to fall on the short end of the stick of the situation o_O, :confused:

    In summary, improve your trading skill and wisdom. -- Be a Killer, in the market. A Killer,
    The weak always die, it's been like that since the beginning of time. The weak live in Disneyland.
     
    #16     Feb 24, 2018
    viruscore1, Peter8519 and Handle123 like this.
  7. Are there great brit traders at all?
     
    #17     Feb 24, 2018
  8. tomorton

    tomorton

    From a journalistic point of view, "Is the market rigged?" is a great question - sets up lots of debate, no easy quick answer, evidence for both viewpoints, some strongly held opinions apply.
    But in practice for traders - irrelevant. Just trade what you see, not what you think.
     
    #18     Feb 25, 2018
    speedo, Stocktracker and Sprout like this.
  9. KeLo

    KeLo

    The answer seems obvious to me, don't try to compete in the HFTs time frame. Use a longer time frame.

    BTW, if you have DMA, you have a speed advantage over those traders who do not have it.

    Also see...
    THE JOURNAL OF FINANCE • VOL. LXVI, NO. 1 • FEBRUARY 2011

    "Does Algorithmic Trading Improve Liquidity?"

    TERRENCE HENDERSHOTT, CHARLES M. JONES, and ALBERT J. MENKVELD∗

    ABSTRACT
    Algorithmic trading (AT) has increased sharply over the past decade. Does it improve market quality, and should it be encouraged? We provide the first analysis of this question. The New York Stock Exchange automated quote dissemination in 2003, and we use this change inmarket structure that increases AT as an exogenous instrument to measure the causal effect of AT on liquidity. For large stocks in particular, AT narrows spreads, reduces adverse selection, and reduces trade-related price discovery.
    The findings indicate that AT improves liquidity and enhances the informativeness of quotes.
     
    Last edited: Feb 25, 2018
    #19     Feb 25, 2018
  10. You get an immediate fill?Ok, then what?HFT completely trading based on patterns or volume.
     
    #20     Feb 25, 2018