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Well, he probably leaves that out because, as I understand it, gaming the Reg NMS via latency arbitrage was his business model with his own HFT firm. Until some of his competitors found a way (or as he alleges, colluded with the exchanges) to always jump the queue ahead of him. I personally...

sorry if this has been discussed before just watched this HFT documentary from November 2013, The Wall St Code http://youtu.be/GEAGdwHXfLQ at 24:10, HFT insider and whistleblower Haim Bodek makes interesting analogy how HFTs jump ahead in the queue.

just wanted to post that. however i think he said "inter market sweep" instead of "enter" and "now includes IEX" instead of "not includes".

another 2 articles via abnormalreturns, essentially calling for a new market structure: http://www.theatlantic.com/business/print/2014/04/everything-you-need-to-know-about-high-frequency-trading/360411/ "We don't have to restrict HFT to make markets "fairer." We just have to create market...

Salon.com - Lewis hits back http://www.salon.com/2014/04/11/michael_lewis_hits_back_at_critics_this_time_i_punched_wall_street_in_the_balls/ "They’ve gotten inundated with whistle-blowers from exchanges and banks who they’ve directed to the FBI or the attorney general’s office...

"Whatever happens I will probably start by trying to open an account with IB" Yes, do that. IB is your best choice. They have lower account and activity minimums for people <=25, geared towards students. Try entering "student" in the "employment status" field and choose the lowest income...

I have also noticed these execution quality issues or HFT front running orders as mentioned by Lewis, with the problem obviously being worse in small caps / low liquidity stocks where my order is relatively large compared to the size of the market. 1) Logically, it makes sense to include a...

"there are no plans to allow customers to move stocks to IB UK. " I have to say I am relieved to hear this. Let me explain A year ago, IB "announced" that they planned to eventually force non-US customers holding and transacting non-US assets over to IB UK...

"Editor's note: This story has been corrected to reflect the fact that QFS is shutting down its sole remaining fund, and not QFS itself." They have had 2 consecutive years of negative returns. This has two consequences fee-wise. First, asset levels have decreased by the losses itself and by...

"Executives have warned that lackluster markets could lead to year-over-year declines in fixed-income, commodities and currency trading revenue" The article is mainly about OTC (not exchange-based) non-equity trading by the big banks. These are the fields where the big banks f**d their...

another interesting piece of info from IB's CC: TP: "On a different matter, in November we are planning to launch the third phase of our novel options trading suite of interactive tools and educational material. You have never seen anything like it. We are preparing to heavily advertise this...

Interesting development there. Compared to IB's total equity, this is still a relatively small amount, and will not lead to any problems at IB even if the total amount ends up uncollectible. However I would not have thought that IB allows customer credit concentration risk at this level, as it...

just reading this article http://www.forbes.com/sites/jeremybogaisky/2013/09/04/quants-r-us-algorithmic-trading-trickles-down-to-individual-investors/ especially this platform seems to be quite promising to me: http://equametrics.com/index.html Quantopian also mentioned. Quantconnect...

In the aftermath of the MF Global and Peregrine frauds, we discussed ways how protection of brokerage accounts could be improved. I suggested to IB to give customers the option to hold some or all securities in "customer name" instead of "street name". Unfortunately, that feature request was...

The title of this thread is not really accurate. Correct one would be "EU refuses to fully bail out depositors in Cyprus banks" Without the EU money, the banks would have folded, and with the banks being so large relative to the country itself, Cyprus would have been unable to fulfill its...

IB publishes its short stock availability here. You can click through to a single stock and find out the quantity that can be lent out. http://individuals.interactivebrokers.com/en/index.php?f=shortableStocks&p=shortable

Agree. Interactive Brokers (IB) seems to be the right choice for you. Investigate their "conditional" order type.

Sorry to hear about your troubles with the failed migration, Baron. Agree with your conclusion here which is step by step improvements. We all have our temporary periodic drawdowns, no matter how successful. In such times, it helps to look at the big picture. You've built a very popular, lively...

I am not a FX trader, I just subscribe to IB's news releases as it keeps me updated what my broker is up to. They just issued this yesterday, a comparison of FX trader profitability among several brokers...

I remember having received an email from IB lately addressing this problem - they will now deny exercize of options that might result in a margin deficit: http://ibkb.interactivebrokers.com/node/1767 IB reserves the right to prohibit the exercise of stock options and/or close short options...