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This is not true.

I was referring to this:

While I disagree with your opinion, I should admit that you know what you are talking about :) I will just repeat my point, even if your are right that HF guys a picking pennies in front of the steam roller of the mutual funds, mutual funds do benefit from it at the end of the day. Now, they...

Look, if you see 50K shares at the bid, and you send one order at this price it will fill. If not, something is wrong with your infrastructure. If you are doing something else, and you are not doing it right, don't blame hf for this. In any case, you can't argue that spread became order of...

This is simply bullshit! There is no such thing as fake quote. If they are able to react to market changes faster then you are, that just means that you are slow. Also, if you think that this liquidity is fake and it will get canceled, go ahead and start providing a real liquidity.

Your order does not go to the exchange bat rather a MM that gives you a price improvement

First, let me start by saying that FLASH order will cease their existence in a few weeks, so the main point of discussion is lost. Second, I have an opposite view that flash orders were in fact good for a regular customer and mutual funds. It's the solely the black PR of NYSE that killed...

There are a lot of matching engines, but none of them are in NYC.

Exchanges DO distribute date via multicast now! Retail investor do not have computational power to process this data or money to pay for network connection.

I am sorry Nitro, this statement of yours shows that you completely do not understand what we are talking about. There is NOT a single matching engine in NYC. Also moving them to the middle of nowhere will not help, firms will start paying ten of thousands of dollars to get fiber lines from...

That does not make any sense. Ok, we will prohibit collocation with ECNs and make SEC the single source of exchange data. So, firms will start collocating with SEC or whatever will be itstelecom provider. Retail investors want two things at the same time: cheap data feed and fastest possible...

I find it's funny when people on this forum are complaining that HF traders have there severs collocated and thus they beat the retail investor. So what? Some of average investors are on DSL and others are on FIOS, clearly FIOS guys have "unfair advantage". Should government go ahead and...

This article is misleading, and it's surprising that traders on the forum is supporting it. If you just read the description of Nasdaq order types, you will see that FLASH is an optional flag on the order.

http://www.nasdaqtrader.com/Trader.aspx?id=bx_pricing

Market makers have priority on most of options exchanges.

I was talking about other commissions that lead to lower liquidity in futures. You pay $2.50 for 500 spy, but more then 95% of commissions you pay to exchange will go trader that provides liquidity on SPY. You pay $2.40 for futures and all of this goes to CME. So there is less incentive to...

Bad print on the tape. What is so surprising?

It's much easier to trade ETFs then futures. Unless CME lowers their fees it will keep loosing it's market share.

by b/d

1. These instruments are VERY liquid. 2. Yes, was hard to borrow SKF. Not IBs fault.