Search results

Wrong. There is one type of trader: Trader. When you come to the market to exchange your capital property you are a trader . Nobody is asking why are you trading and how often. Trying to interfere with free markets is naïve: nobody knows what is good or bad for the markets as long as there...

Good points. Many of the HFT practices are illegal under Securities Law. One think to point out is that speculation and HFT was good in exploiting market inefficiencies. That market niche is closing up naturally and many HFT firms are shutting down because there is no money in it.

Thank you again for very informative posts. In that case ticks stamped with the same second should at least arrive in sequence. For some strategies that should be ok considering that this is internet data delivery which by definition is delayed by up to 1 second from the moment of actual...

IQ Feed developer access: what does it let you do with the data? Any restrictions? SeattleAlgo who was so kind to post his review mentions in regards to data through developer access: "stream to feed maybe a charting application" Does it mean that there is no way to store, transfer or...

Everything is fine in ET land. Keep it free and respect all contributors: the ones you like and dislike. Each post has some info in it even if you think it is the most dumb and abusive. This is the strength of ET board.

When discussing FTT one point that hits home is: Exceptions and loopholes - bankers and market makers will be exempt and will not pay FTT. Same may apply to the very exotic financial products that were at the roots of this financial mess.

Enron , Lehman etc. .... all with great fundamentals to the last moment before bankrupt.

Market manipulation and preventing others from having unrestricted access to market information is illegal but not enforced. This is the problem. You have valid point about PDT (pattern day trader) sub penny pricing etc. One important thing is that nobody knows what is correct number of...

So how much continuous liquidity in the markets retail investors can provide? How much liquidity can be provided by single market center / market maker or specialist? How do you see markets functioning tomorrow if you remove HFT, restrict trades to one market center and one specialist per...

Explain to them that they elect themselves by printing bonds and paying their supporters with this inflationary money. The financial sector is a middleman trying hard to hide this mountain of paper by playing the shell game for them (for a fee). Maybe they will understand it when you talk...

It is so simple and it is amazing that anything needs to be explained. Two parties meet at the exchange and trade at the price they agree on at the moment of trade. It is free and voluntary. Nobody knows how many transactions a minute is good or bad and what is the correct speed or price...

The 5000 shares is a bait. This is trading. Nobody will show their hand. You can only try to discover liquidity by hitting the posted quotes. Market reacts to each and every trade. Please leave your WalMart psychology behind when coming to trade. This is exchange and taking any side of the trade...

Lack of understanding how the market works and supplanting it with quotes from incompetent and ideologically motivated media. HFT is about competition and free markets. Markets are not to be confused with entitlement program run by the government and their friends at the Fed.

Disagree. Everything you need to know about the markets is there. Suggest reading it again.

Translation for mathematically clueless: If you kill the cow that produces milk then there is no more milk and no cow! (these experiments have been scientifically conducted in the former Soviet Union and results are not widely available)

Agree. But the effects of that hit are wider and long lasting. It is not about today and maybe tomorrow. This hit hits everybody in the long run including FTT advocates.

Understood. However this is exchange of capital property for cash which is zero sum transaction. Capital property is completely different animal than "property". It is expected to produce income but there is inherent risk involved. Any effects from that capital property are taxable. It...

Key word is Capital. It is not a hit. It is removal of Capital from the economy. It is transfer of money from economically active people to incompetent and corrupt bureaucrats.

Pro FTT arguments show complete misunderstanding of basic economics. My question is if you can legally tax an event where there is no expectation of profit and there is high risk of loss. There is only exchange of capital property for cash. The net is zero at the moment of transaction...

The solution is already enacted in Securities Law but not enforced. Anything that amounts to price manipulation and information dissemination interference is already illegal.