There is hardly any accurate information about HFT on the internet. What is this nonsense, confusing flash orders and IOC, and stating that IOC "carries little risk". If you actually worked with this stuff you would know that trying to ferret out hidden liquidity with IOC is risky and (usually) worthless pursuit.
who is they? Pretty sure in 30k views you have made yourself look like a troll and some decent people have presented valid information about trading and trading on order flow. My favorite thing about you 777 is you refuse to answer questions or address any of the issues that have been raised, you simply post more crap without any substance.
I caught that as well. This is an atrocious oversite for a HFT article. These guys don't even grasp the basics. Did you also notice that the authors listed the CME as a stock exchange? I think they meant to list the Chicago Stock Exchange, but instead wrote the Chicago Mercantile Exchange. These tards have no premise to their article. Their thoughts are more fragmented than the equity markets which they are criticizing. Allow me to summarize: modern computerized trading is called HFT. *Pages of filler* When the computers all turn off at once, it's bad. *Pages of filler* Conclusion: value investing has been marginalized. (Editor's note: What? A true value investor doesn't care about daily, monthly, or sometimes even yearly price fluctuations. See Warren Buffet for an example. It is not apparent that the authors know what HFT or value investing mean.) They also seemed confused as to...well...everything. In neighboring paragraphs, they superficially claim that a HFT company does worse in down-moves due to short stock holding costs, while also saying that HFT companies don't hold overnight risk. Well, which is it guys? (BTW: no professional trading company that I have ever been around does worse in down-moves--they all do much, MUCH better.) I am an options guy, so maybe I am not aware of the phenomenon regarding equity HFT companies keeping a stock price above its "fair price." IMHO, this is a fantasy that the author made up. No company that holds onto a trade for a max of 11 seconds can manipulate the price of a stock for an extended period of time. Anyone with more knowledge about this care to comment? 777, didn't you say that these guys explained HFT issues BETTER than yourself?
you talk like an infant. stocks rip up and down with ranges of 10-100 % a day , and you imagine that none of that is the result of man ip u la tion. http://www.savetheplanetprotest.com/
i hav to agree with this. i'm all for progress, and history shows that with progress comes regulation and new laws. until that reglation happens and those laws r written, a lot of smart people r goin to exploit the advantages; as they should in a free market. progress shouldnt b stopped. i'm not mad. i wish i figured it out the software first
Why does this feel like I'm talking to a child? Sigh. No. There's tons of manipulation in the marketplace. IF we define HFT as any computerized trading, then most of that manipulatin is done by HFT companies. However, IF we define HFT as any computerized trading, then every shred of value that market makers and the other valuable roles in the markets are also done by HFT companies. We have regulators that respond to public anger. Much like 777, they can't tell market manipulation from a ham sandwich. They wouldn't know a market structural issue from legit technilogical advances. We run a real danger of some ass-clown in washington passing blind legislation motivated by public anger, and written with the help of his "expert" banking/finance lobbyist friends. THIS IS A REAL THREAT. I have been very forthcoming and specific about exact market structural problems. There are real issues that need new laws, rewritten regulation, etc. You have not. To get angry at everyone, without differentiating between the issues and the legit business practices is intellectually lazy. More importantly it's dangerous. (Or it would be if 777 hadn't thoroughly discredited himself.)
ignore the man with his head in the sand. he's not a shill, he's just an imbecile. Fox reports quote stuffing scandal. sad to see such denial here.