http://blog.themistrading.com/?p=2957 To those shills here on et that insisted that nothing was awry..... My heartiest shat
Why not just jump on board? If you are that staunch in your view of HFT, you should understand that "if you can't beat 'em, join 'em."
So after consistently crying that HFT is screwing over small traders.. now your upset that HFT trades size like the small fish? epic
Yeah, noobs all start off thinking the market owes them http://bit.ly/pC1vVX and the sooner they get over that sentiment, the better they do.
I wonder what the new argument is going to be.. its gonna go from "HFT is using HUGE size to move market against me to game me. F$%KING SCUM. SEND EM TO JAIL" to "HFT is making me lose because it's pretending to be a small fish.. to move market against me!! why don't they act like the big fish they are and trade size!!! SCUM. SEND EM TO JAIL"
Another recent item, with a nice chart at the end - http://tradersmagazine.com/news/ticks-hfts-trading-volumes-108026-1.html Tick Rate Hits New Highs, Indicating HFT Activity
It's absolutely hilarious how a bunch of "Elite Traders" here complaining about hft don't even know what the majority of hft programs are about. (hint: it's not front run you; it's to not get front run by you). I'm surprised that half of you manage to tell the difference between the Buy and Sell button.
Well, from Prof. O'Hara quoted in that article: "The SEC should recognize this new role and change the reporting rules regarding odd-lot trades." So fine, the SEC should do that. Problem solved.