Whitehouse.gov petition to ban HFT

Yep, let's ban HFT. Then who know, maybe the authorities will ban retail trading. Might as well, 90% lose or something according to emg.

Be careful of what you wish for....

 

Does it say more than trading is a negative sum activity?

 

What if there are other things that you do not know yet that make trading more of a negative sum activity?

Fixing a hole in the bucket does not mean there are not other holes or there would not be other holes.

 

What classifies someone as a HFT? This petition sounds vague and full of crap

 

Makes sense. Some years ago there was no HFT and still 90% of intra traders were losing money.

I think old pit traders just want their jobs back

 

"Ban market exchanges from giving High Frequency Traders faster market access and front running orders."

So the petition doesn't want to ban the sale of faster market access and front-running to non-HFT traders?

 

Declining U.S. High-Frequency Trading

The graph doesn't want to show up with the labels so I'm just posting the link.


Was the petition first posted over at ZeroSense? Some of you should stop reading that garbage and enjoy reality.

 

I'd like to see the sub-penny bs and quote stuffing stopped. Other than that, let them have at it.

 

What you show is industry saturation, nothing more.

When an algo can step in front of me to buy the shares I want and $x and sell them to me at a higher price, that is theft. Rationalize it however you want. High Frequency Trading isn't the problem. High Frequency Quoting is.


Rise of the machines:
http://www.nanex.net/aqck/2804.html

 

http://www.cnbc.com/id/101544486
This one is funny. Manoj acts like he doesn't know what HFT is doing. And Kenny looks like he needs his blood pressure medicine.