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jerkstore, HFT has become a bit of a catch all. As you point out I was not being very clear. I feel the payment for order flow, flash quotes, order internalization, and lack of equal dark pool regulation are the big issues. hft has become a catch-all agreed, and it's a dangerous catch-all...

see, this is what i'm talking about. you have a guy, this achilles28 persona. who's already made up his mind that he's going to be dogging the hft industry, quotes out of context, and uses the GOOD information given by tradeworx and spins it into a bunch of worthless DISINFORMATION. however...

sorry, but you don't know what you're talking about. uqdf/siac/cts/cqs and the exchange data feeds are all PUBLIC. ISO orders are WIDELY available. the situation you're incorrectly describing is NOT frontrunning. most times market makers/traders don't even know they're doing it. it's a...

it's not a latency issue as much as it's a regnms issue. exchanges have to comply with regnms, so if you send a routeable order to the nbbo, the exchange has to use what's called a securities information processor (siac, uqdf) to check for regnms compliance of the order. siac/uqdf, however, are...

so, is this a hft problem or is this a privatization of public exchanges problem? your implications throughout this thread is that hft's are to blame for this. as long as it's legal and more profitable for liquidity providers to take their books off market, then public liquidity will suffer...

"Speculation typically involves the lending of money or the purchase of assets, equity or debt but in a manner that has not been given thorough analysis or is deemed to have low margin of safety or a significant risk of the loss of the principal investment." Graham and Dodd. that god...

btw, thought i'd point a term which is being used incorrectly. ISO orders are intermarket sweep orders. they're NOT a hft tool used to front run and they're NOT interchangeable with the term 'flash orders'. what they are, is an exchange based order WIDELY available (arca, naz, nyse, bats...

if you really are a hft trading firm, you certainly have very little knowledge of what the majority of the industry is actually doing. hft is just that: high frequency trading, ie trading a lot of times with computers. the BULK of high frequency trading is automated market making. period...

another bullshit HFT article... when they do a piece on the dumbasses who caused tradeworx to have to reduce their risk you'll get a better idea of what the real problem is.

defentrading is pure propaganda used to discredit the HFT industry. instead of focusing solely on the issues (internalization, exchange product inefficiencies), they scapegoat the entire industry by associating it with the handful of firms that exploit those 'edges'. they state on their homepage...

they're the same type of numb nut that are dominating this thread... mediocrity incarnates with a proclivity for lazy victimized ignorance in the face of the market and it's tools. thank god they're the majority.

not necessarily... you see a lot of market or vol. neutral stat-arb as well.

you need to be looking at the t&s.

i can't believe i actually watched that... steve, on a cell phone, on a youtube video said it was true... so, i guess it must be rgt? these guys are either bonafide male tampons or working some shill angle... i can't imagine anyone gives enough of a shit to figure out which one.

yea, except all hardware and networking is under the hood, abstracted in a such a way that it's easily useable/available over the internet... that's what's new.

nitro, http://aws.amazon.com/ebs/

cambist is well known in the hft industry. i can attest, he was a star trader and then manager of the desk he speaks of above and led his talented team to make incredible multiples of the average american household. it was truly a spectacle to behold. a few years ago however, after a horrible...

if you don't qualify as a resident anywhere, and you're a citizen of a country that taxes based on residency (most of the world), then you don't pay taxes anywhere. your plan is a good one. the main thing you have to watch for is each countries residency laws. for some it's 6 months in a year...

no, you're not. nitro's a broken record. first its persisting locally is bad, then when questioned specifies only if the api is saving locally, then redacts and states it has little value even in stateless protocol's like fix, then apparently concede's in his last post that it might be a good...

that's a very big 'and' which you're relying on. in the case of line failure you won't get that chance. your only hope is your redundant internal state and your redundant execution venue. or are you going to call the exchange to figure out where you're at so you can get your hedges on...