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Agree. Doing fundamental by talking to the right people, sleeping with the right people, paying for the info is hard to automate.

Agree. Take liberal socialists seriously. They only pretend that they are good and generous types like every skilled criminal does. Many nations paid price thinking that they are nice guys and nothing bad will happen. Once they are in power watch your wallet and guard your life.

Here is the problem: headline says Mysterious Algo + 4% daily volume. Even if you are 100% right and the media is 100% wrong the argument that it is dynamic latency profiling or some other tech stuff does nothing other than anger the reader/viewer. Besides the same profiling can be done with...

I do not quite understand this part if there is talk about EU wide tax. And why Mr. Osborne would even comment if London would be outside FTT zone? Anyone willing to comment?

The countries still need to work out the details, though the EU Commission has suggested that trades in bonds and common stock be taxed at 0.1% and trades in derivatives be taxed at 0.01%, Reuters reports. Hopefully it will take 5 or more years to work out details that become so convoluted...

That is spelled out in regulations against enticing others to trade using quote manipulation. And what is and what is not is not easy to establish but should not be abused. Then they can trade what results from it. Letting favorite customers to "play" or "test" during market hours is being...

Latency can be mesaured and provided by the exchange on continuous basis as "technical stuff" including how fast their MM queues are cleared, hardware characteristics and actual live performance in various segments of their network. There should not be a need for customers testing it during...

Because this is not about making economy better but about controlling the economy and the populus by bureaucratic establishment. Their motto is: the worse it gets the better for us. Laws of logic do not apply in simple ways. But at the end it is about money. Once banks and corporations are...

This is fundamental issue: resting where? There are many places - last number I have seen is 80 where they can rest. The problem with those quotes is that they are posted and controlled locally and will be cancelled before any incoming order would cross them. It would have to be resting...

Although I see many advantages of HFT, latency profiling by increasing latency thus interfering with market information dissemination is illegal. They have no intention to fill the posted order and some of that activity could be classified as market manipulation by inducing trading activity by...

Illegal market activity under current securities laws - no enforcement so far.

French already introduced FTT, Spain is working on their version of this tax, Germany has something for HFT. If they vote EU wide FTT then what will happen to French, Spain or Portugal version of FTT? London may say - we have stamp duty - get lost. Will they change it to satisfy Germans or they...

TWS installs and runs on Win8. Demo had to be run using desktop browser not metro browser (Win 8 can be confusing at times). Obviously Java install comes first before TWS.

Your criteria match IB : interactivebrokers. As to language: everything is C++ in one form or another. It is good idea to know the basic concepts of it but it is professional coder language build for coder productivity. For fishing expedition it is better to use platform independent Java...

I have only tried their IB API. It required some components (c++ redistributable, j# redisttributable) to register API. I will check if I can run TWS by itself and let you know tomorrow ( away from my Win 8 machine now)

Carrying on: When the budget deficits will be in trillions monthly then you will see HFT in bond market since government bond auctions will be held hourly.

And you are telling absolutely nothing new. By the way since when fixed income guys are considered smart in the industry? This is not about right. It is about counting paper. There is nothing personal, no calling names just simple facts.

My latest post was about HFT providing virtual or simulated liquidity when there is no real buy/sell interest. It is part of MM activity or people trying to simulate MM or exploit this. People who trade should get basic concepts of what is going on and stop thinking like WalMart shopper that...

The only good thing about this video is that those people in green hats look like bunch of losers. So maybe they are noisy but not very powerful.

You know a lot about bond market (thanks for sharing) so maybe you could find the connection for us between Fed and markets using your expertise.