Here's an idea. Quit scalping and do more of a swing trade. A lot of former scalpers I know adjusted and are doing great swing trading. Either change your ways/find new strategies, or get crushed by computers who are much faster....ergo...better scalpers. Whining and crying about it isnt going to help your P/L.
Back when stocks traded in 1/8ths if you missed a bid you got filled an 1/8th lower. So if you think about it having slippage of 12 cents or so is really the same as things were before decimals. So is it really that bad? If you really want to bitch about something bitch about going to decimals. I am sure 99% of this place will take your side of the argument. Going to decimals was a disaster.
Good links. Looks like the <a href="http://www.futuresindustry.org/ptg/academic-research.asp">academic research page</a> at futuresindustry.org has a few other good papers in addition to the one you linked above.
dunno what exactly they "ban"...spoofing is alive and doing very well. wanna change and quick fix? go back to where it was before this exchange\ECN's madness... shut down 30-40 ECN's,marketplaces,dark pools, etc and leave few,but very well regulated market centers. it will be more transparent, easier to control and regulate..idiots..
Are those the same prosecutors that turn a blind eye to the investment banks, insurance agencies, ratings agencies and their consultants and their collective criminal activity?
http://blog.themistrading.com/?p=2512 Hey, what happened to that shill winstontj that used to try and pass wind about how hft was benign?