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Maybe they don't go to exchanges. Maybe they internalize (with help of HFTs). Dumb order flow is priceless.

I would suggest to write them a thank you letter and ask them to give you the truth of why. Tell them their honesty will be considered as a big favor. But I suspect that you already know ... You don't have an answer to @sle question. You probably don't have enough knowledge/skill to impress...

I take it to mean that the money is starting to rotate out of equities by active participants. Have you made changes to your 401k plan to go to cash? Most people are still in auto-buy mode. I don't even remember my login. Once we drop another 15-30% I m going to start calling ... get me off...

This should be in BS section :) We should create one so that people don't get distracted.

Well, they are growing fast so it's expected I guess. I bet for every customer who is complaining about losses there's another thanking them for preventing them from booking a loss :)

Lol.

Arbitrage? Predictable? You must be the richest man in the world!

Paying for a book is equivalent to paying for advise, no. I wouldn't be surprised if I missed your point completely though :) I most likely wouldn't be able to make money if you handed me your strategy on a platter anyway :)

Lol. I realized I didn't have location, so just added it.

Is that supposed to be some kind of dis? Check my profile.

When did I ask for strategies? The Market Wizzards didn't reviel any strategies, but they were all vetted. All I'm saying is if I'm going to pay for car advise, I want it to come from a mechanic.

Are you saying you will provide live data but I must sign a waiver that I am not using it for live trading? Or you will be capturing real time data but providing it at a delay? I would get tick by tick data with original timestamp for sim/backtest even if it's delivered delayed. I may be...

@gaussian, I like your answers, but I am curious ... Let's say you have been given a task to listen to 100 elevator pitches and choose 10 most promising strategies. What would you need to hear? What would you ask? What would make you reject something immediately? You've got 10 seconds, go ...

Take off your day trader's glasses, man! There's whole other world out there :) jk

Front running based on inside info (like holding/knowing big customer order) is illegal. Computers guess that there's big order. Now, the controversy comes when exchanges allow some order types that may be used to extract info.

You don't see a problem with this? Unrealistic Sim gives you unrealistic results, that's all.

Wow!

Not sure if you can customize to to exactly what you want but check out Accumulate/Distribute Algo. https://www.interactivebrokers.com/en/index.php?f=1223

Can you clarify please? Are you risking all of your previous gains or you actually go from profits to losses? Big difference. Nothing wrong with pressing it at the perfect time, as long as you only risk gains.

OK, I'm not an insider so I don't really know how this happens. But this is the play in my conspiracy infected mind : 15:30 MS: Hey, I need 1M shares of XYZ sold at $90 or better. 15:31 DMM: No problem, will accumulate by market close. 15:55 DMM: Yo, I got the shares (avg price 90.75), send...