Is my broker's favorite market maker looking at my keystrokes?

Discussion in 'Order Execution' started by Cabin111, Dec 10, 2020.

  1. Cabin111

    Cabin111

    No, I am not a conspiracy theorists. Just wondering if the MM is allowed access to my keystrokes, when I am at the broker's website.
     
    Last edited: Dec 10, 2020
  2. Overnight

    Overnight

    Nevermind it being a question of being "allowed", but rather even being possible. The answer is a resounding NO.
     
  3. rb7

    rb7

    And why, at first place, do you think that MMs would be interested by your keystrokes?
     
  4. Cabin111

    Cabin111

    Plan ahead...Jump ahead of other MMs. I assume this is a crime if it occurred?? Would it be a major crime...Or just a major fine offense?? Unless it is spelled out in the fine print of the broker, I would not think it could be done. Major conflict of interest...
     
  5. TimMykes

    TimMykes

    paranoia is todays word power
     
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  6. themickey

    themickey

    giphy-1-1.gif
     
  7. Market makers definitely know what I'm doing. I can hear them giggling in the background. "Okay, OA just bought." "Let's drop the price 20%...Heh..heh..." At least, it seems that way! :p
     
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  8. Overnight

    Overnight

     
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  9. traider

    traider

    No, they intercept your order as it is being sent so they can plan the best response to screw it
     
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  10. is it out of the realm of possibility absoutely not. websites and your phone keep track every click and your phone even knows where your eyeballs are looking so especially when you click a button they know depending on what type of ordr it is and where it resides!

    Your question is absolutely a good one.

    are these orders on the clob?
    are they on a companies server?
    are they on your computer?

    what kind of orders are they?

    all of these are factors but in my experience if they are filling 70 % of all orders and they being the hft or if they are internalized at your broker if nto futures this is possible then you must understand that most likely they are filling your order and in a nano second they are placing trades against you because they know they filled you before even you do. do you understand
    that the time it takes your computer to even draw the fact that you are filled on your screen is slower than the hft making and cancelling orders against you and the set of orders they filled with you at that same instant?

    While they may not have money and time and tech invested into what you click if they are fillin gyou then rest assured they know they filled you about a the equivalent of a month in algo to human time before you even realize or understand you are filled.

    Make sense now?
     
    #10     Dec 10, 2020