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We agree then. People who pay to access information which is not public knowledge and trade with it before it becomes public are participating in insider trading and should be punished. Simple as that. But as I said, those people are by far in the minority when it comes to sub second trading...

Its hard to debate a subject when you cant even agree on the definition. As someone who actually works in the HFT industry, I can tell you, HFT applies to all 'High Frequency Trading Systems'. Not merely front runners. You are mistaken if you think the definition is anything but that, and you...

I am starting to believe you are too stupid to understand what the acronym HFT stands for ;) You are the one who is mistakenly using a term to describe a very specific group which actually describes a much larger group. And to enlighten you a little. A large number of sub second trading...

You sir, are a disingenuous debater.

You need to stop using the term HFT when you are complaining about SPECIFIC market participants who have the ability to front run. Which I don't think actually exist, I have no clue how someone would glimpse orders coming into the market, and if they are doing it, they participating in insider...

Again accusing me of front running. As I had stated before if you have the ability to read. None of my systems have prior knowledge of any orders which arrive at the exchange after mine. Time to take off that tin foil hat and get educated.

I never said illegal activies and cheating didn't exist. But it would be foolish to label all HFT with those characteristics. Just like you wouldn't label every day trader as trading on insider information. I am with you and am all for preventing and punishing people who participate in...

Why would anyone sell, let alone publicly discuss a systematic approach to extract value from the market that worked? :P

Its the mentality that whatever isn't good for them is bad for everyone.

Jesus. Thats a lot to reply to. You are misinformed or just plain wrong with most of your statements. 1) First lets start by agreeing what HFTs are: Basically, computer controlled trading systems which often trade multiple times per second, often across multiple exchanges and markets...

This statement shows how truly naive you are about HFT in general. If you honestly think 'super computers' are required, they arn't. I can guarantee you that no HFT are having custom made CPUs designed and manufactured. And beyond that HFT calculations are usually dead simple, and dont...

Lets hear your reason why YOU should be allowed access to the markets ;)

Im on the same page with you if there was any type of front running or insider trading. I think that should be illegal and the markets should be fair for all participants. Just know that HFT /= Insider trading.

Agreed. The risk between holding long and holding short are different due to their theoretical max risk. But in terms of intraday trading within a range, going long/short at market or posting a bid/ask are very similar in terms of being a buyer vs being a seller. Holding investments long term...

Really. I was thinking the same thing about you ;)

Agreed. Cramer is a fucking tool. Saying 'where was the HTF liquidity' when the market crashed. I think he is confusing HTF traders who add statistical liquidity to the market 99.9% of the time with some dipshit willing to take a bullet for his lame ass. If HTF runners want to pull their...

Quick. Get the pitchforks out! ;)

Impossible for them to have months of pure profits? I dont think so. A lot of HFT systems are move away from the idea of 'trading' towards being 'market service providers'. Providing liquidity to whoever wants its, often based on arbitrage opportunities. And as we know, service providing is...

#1) Define 'co location'. say you live in cali, your exchange is in nyc. where is too close for you? keep it out of the same building? keep it out of nyc? keep it out of ny state? you can not solve the problem that some people will have lower latency to the exchange than others. imagine if...

Funny. Floor traders said the same thing about you ankle biting desk traders ;) Computer assisted trading made the markets too fast for them to keep up and they whined to high heaven about the death of the pits.