Blog Article On NYSE Program Trading

Discussion in 'Order Execution' started by Trader5287, Jul 10, 2006.

  1. As the author of the posts in question


    the NYSE indictment is on two charges:

    1. A reasonably monstrous PR gaffe, and
    2. Using a meaningless "headline" number for program trading for the last umpteen years.

    They recognized the fundamental flaw in the original "headline" calculation when it went over 90 percent; the problem was instead of acknowledging their long-time stupidity, they tried to slip the change under the radar. Nice try but I got 'em.
  2. The old figures always looked high to me, but I assumed they were right.

    I doubt if it mattered to anyone, or caused loss.

    And I assume the program trading houses knew the figure was bogus.
  3. Arnie


    I always thought those numbers were bs. I noticed that H.L. Camp has changed their website to reflect new numbers also. They were always going on about "PT is over 90% of NYSE vol". Gimme a break.
  4. nitro