Geeks trump alpha males as algos dominate Wall St

Discussion in 'Wall St. News' started by new$, Dec 3, 2009.


  1. Points well taken dtrader. But I just don't see HFT as frontrunning. It seems HFT algos take all available info and guess what the next NBBO will be for a stock. They don't set the NBBO, they are guessing it. Even if they are right 99.999% of the time, it is still a guess. Also, the money they make over the course of a year, ~3B, is peanuts compared to the total amount traded in the course of a year. Compare that to the ~3T or more spent bailing out Wall St in various forms. HFT and it's impact is simply a smokescreen non-issue that only impacts a small number of people that is being blown out of proportion to deflect attention from more pressing issues.
     
    #11     Dec 8, 2009
  2. There are only two ways to make money in the markets. Prove me wrong.
     
    #12     Dec 8, 2009
  3. I wonder where deepest New Jersey is? Summit?

    Also, I misread it as "swashbuckling backstabbers", heh.
     
    #13     Dec 8, 2009
  4. kaciara

    kaciara

    "create new" => "wipe out"
     
    #14     Dec 10, 2009
  5. I thought floor traders were also front running
     
    #15     Dec 10, 2009