well the chickens finally came home to roost last week for the exchanges. on eurex and liffe a lot if not all of the algos switched off. to put it midly the algos and black box systems could not cope with the volatility and the tick slippage that is currently in these markets. i have quite enjoyed the last few weeks and especially the last week. a proper and real life like market with genuine orders and flow to it. not the nonsense of the past with bids and offers continually not trading, being spoofed one way and the other. well where the fuck are they now. according to some sources they wont be turned on for a long while as they cannot get access to the huge margin and funding they require to run. oh dear. well done exchanges for bending over backwards to these pricks and letting them drive down the exchange fees on you only for them to pull out when most traders and investors needed liquidity. well i was there still quoting. what do i get. full fees and no respect. not even a thank you. well all came home to roost last week. maybe a period of reflection is in order by the exchange management and a big thank you to all the locals, prop traders and human traders out there they actually turned up and quoted or traded. we maybe an insignificant percentage compared to the size of the algos and black box trading systems but last week we were the majority. come on eurex come on liffe how about a fee rebate and some respect. you wont be sucking off these algos guys at the next xmas party will you.