Search results

Well, whether Getco operates such pool or not, it's not relevant to the main topic. I am pretty sure they don't, but even if the do, nobody is forcing you to send the order the first. If the "smart" order router of your broker is in fact stupid, don't blame HFT for it. Among all the complains...

Jerkstore, I should start by saying that it's nice to see somebody on the forum who knows what he is talking about. :) Couple of comments: I agree that internalization should not be legal. This business is heavily regulated and in fact you can find 605 fillings to see that while Getco...

What non-public info?

Here is the irony. RegNMS and ISO orders were designed by regulators to protect the individual investor. I.e. if exchange A has a price worse then exchange B, investor can't trade on exchange A, the order will be routed to exchange B. However as of results of this average investor (a) can't...

BATS is coming up with a good one

Nothing could be simpler - smart order router of IB is not that smart :)

I think it was a bit different. First they tried to executed the order against the BATS book, then the remaining was posted on the book for 25 msec, so it could interact with incoming orders and get a passive execution with a rebate. In fact this order type was good for the retailer investor...

What's a big deal? Everybody can get direct feed from Nasdaq or BATS, it's not exclusive at all. Every serous market participant is using it. Are you placing a lot of hidden or reserved orders?

Ok, I feel like we are on the same page here: Example 1. You are allowed to trade in sub-penny increments sub dollar stock by your broker. Not sure if changing the broker will help, but this problem has nothing to go with HF. These are regulations, broker rules. Example 2. Yep, you can't...

In this example, where is your 1.58 order posted? Is it posted on the open visible market? If no - why do you allow your broker to post your order at some "who the hell knows" dark pool where 1.5801 order will step ahead of it? If yes - then you order will likely be traded before the...

I will mainly repeat that something is fishy about your broker. 1.0101 CAN'T be quoted on US equity exchanges. Unless the second case you describe is a just coincidence, you are being ripped off. Is it possible that your signal is well know and 1.02 disappear because somebody else acts...

The work DARK in the "dark pool" means that that this venue is no publishing bids or offers. Here is what happening in your case. Visible market is 1.01 vs 1.02 with 10K shares at each side. You send a buy order at 1.02 for 10K shares. Your broker instead of sending it directly to the...

As I said earlier current regulations does not allow "inserting sub-penny bids just over your bid (by 1/100th of a penny)"

Clearly your broker is routing your orders the to a market maker. This is the reason for you problems. Don't blame HFT, but rather change the broker and learn more about US markets.

Current regulations does not allow it. What you see is the fills from market maker, it's different from HFT. Check your broker or the routing instructions you are using. If you are doing things right, this behavior should not be possible.

I think the following has happened: 1. Fat finger situation on PG. 2. NYSE activates circuit breaker for this ticker. - However when it halts a trading on a ticker, it continues publishing OLD quotes. 3. As the results NYSE receives a large stream of market sell orders seeking to...

yes

It's not a big deal...

Top of EVERY book (8) 15.50 ISLD in this case is protected too

>I'm pretty sure about this, but just checking Nope