i remember Mark Haines at CNBC hiding under the table ,wearing military helmet on the day,when market is about to open after 9/11
if traders had to depend on ET members for liquidity they would be in a different job. stop whining and trade equities where hft traders are not involved.
first time in years with TF... I was under the illusion that bid/ask size actually mean you could fill bricks there. have you tried lately, yourself?
I usually do not scalp for but when giving a good opportunity and the set up is forming, I will. But when I got out with a resting MIT, I did not get filled all together. It was split 4 an 6
The market has been rigged since its very inception many decades ago. This is not news. I think everybody who trades the market, professionally or semi-professionally, or as a mom & pop retail investor, should be knowledgeable that the stock market is a game with its rules. There will be players better than you or have greater advantage than you. If you participate, you agree to risk capital to make capital. You may make money if you are good or lucky, or you may lose capital, but thats what it takes to play in this game. If you are unhappy with it, there are FDIC insured savings accounts. Thank you. Signed Wall Street.
yes, we know this. Now the question is, how far to one side does the balance tip before the entire ship rolls over? if anyone here is gullible enough to think true market liquidity cannot be cut in half or worse as time goes on, they are deluded. Nothing at all stops markets from losing more real participants, dwindling down to much lower true volume levels until the shell that remains is untradeable for all. there is always a tipping point of no return to everything. markets are not there yet, but they could get there in time. No reason in the world why not, at the current accelerated pace of HFTs consuming all
today has been rather quiet compared to last week and the week before of greater volatility. During many of those spiked moves, 10-lot stop-market waiting to fill on pullbacks and/or open trade exit were commonly partial fills in and slipped fills out, or both. when volatility ramps up, TF thins right out to anorexia levels
If these HFT's are MM's why not base the minimum quote size on their daily volume? It's because 'bait and switch' doesn't work for large traders anymore themselves. Regulators prefer the problem seem much more complicated than it needs to be.
The Germans have already done something about HFT. We should pay attention and learn what we can from their experience, once we know the result.