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They should make it clear what type of HFT they are trying to ban. It should not be illegal to make thousands of trades a day. On the other hand, flash trading as it relates to HFT is clearly front running, plain and simple.

Use limit orders and that problem essentially fixes itself.

WTF is wrong with you? Trading is tough, but some people recognize it's not for them early. After all, knowing that 95% of people fail in the business, shouldn't we congratulate the man for figuring it out faster than others, and at a lower cost to himself and society? And McDonalds? Is...

Automation, or some sort of lobotomy.

Have you finished your first year at your Big Bank, or are you winding up your 6 month stint just out of college? Did they give you a desk yet? Are they letting you press any buttons?

These are links to the intro to "taxi" and another of tossing spaghetti.

Truer words have rarely been spoken. When you find something you love, it almost never feels like work. Personally, I rarely feel like I'm "working". I'm just doing what I would normally do, except at a different place than my living room.

You're forgetting that a participant's cost of funds (or, more broadly, cost of doing business) is a major determinant of overall profitability. You and I could be running the same set of strategies, but if I can borrow more cheaply, and face lower overall transaction costs, I can be...

What is this firm's annualized net return to investors in the coin-flip betting market?

You are being under served by the community here. DSL vs. Cable Modem: One is not necessarily faster than the other. DSL can be quite fast, on the condition that you live close to the relay station the phone company uses. If you're far away, your speeds will suffer exponentially. If...

Is this some sort of dick measuring question? Can you pay your bills trading? Can you buy a couple extra widgets while you're at it? If you pass that hurdle you're doing OK these days.

Obviously this guy is joking; story is entertaining though.

When you refer to volume, do you mean the volume in an individual contract, volume over contracts in the same category (i.e. currencies or ags), or total volume that one does over all contracts traded on the CME?

Hi- Out of curiosity, what are the lowest commission rates anybody has heard of on the CME? This includes the rate one would pay if you owned a seat, and traded massive amounts of volume. I worked at a fund where you would pay $.50/contract/direction, but that was after 5k contracts...

This is spot on, can't be said any better.

Oh, how the golden ratio beckons us with its siren call...

1.)If you can balance a tack hammer on your head, you will head off your foe with a balanced attack. 2.)To learn my teachings, I must first teach you how to learn. 3.)He who questions training only trains himself at asking questions. 4.)Until you learn to master your rage, your rage...

This is absurd. If I can merely sit back and "watch the thing work for somebody else", why would I even waste my one shot? Why not just parade individual after individual in, tell them to trade off this magic crystal ball, then structure an agreement where I take half the profits? Or is...

No, I didn't, thanks for asking. Perhaps you should ask the OP of this "riddle" to phrase his question better - because I answered his question as it was posed.

The answer to this should be "no", because (as you stated) you saw it "work" with your own eyes, and it only "works once".