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This market is just plain bizarre these days.

How's the programmer's approach different than what you previously had?

The arbitrage is amongst individual firms. Their only risk is in out front running each other via the arms race. It's like having 8 banks in a city and 20 groups of competing bank robbers with police that look the other way. They're not all going to individually benefit every single time but it...

It's riskless front-running, dude. What isn't clear about that? Your example of "yeah so what, back in the day floor traders also did this!" doesn't excuse anything and is false justification. To the ones who inevitably pipe up about "they're just market makers!" <--- the ones who are not...

"A spokesman from Nasdaq declined to comment."

I was under the impression that Euronext Total Bundle covered all the various Euronext derivatives under a single price (otherwise why call it TOTAL bundle?). I used the market data assistant to validate beforehand what I was paying for and it clearly indicated that MATIF futures were covered...

Where here's why I'm arguing it isn't the same: ES is not YM just as ES is not NQ and ES is not TF. Regardless of which one has the closest notional value to ES the component weightings and even individual components are different enough among the major indices such that this emulated e-micro ES...

Atleast the guy looks healthy - albeit captured with some seriously weighted thoughts I'd imagine. Don't you guys get what's going on here? The CFTC/NFA/SEC/CME *need* a scapegoat for the flash crash that the public will actually buy into. If they cannot find a suitable patsy and the timeline...

IMO the only time it pays to make more intraday trades than swing/position trades is when volatility and range rises such that there are legitimately more opportunities within a session. It's also important that the volatility is good volatility and not toxic volatility where price is volatile...

So you just read 24 pages and that's all you were able to take away from this thread? Suggest you go read again.

Even though unlikely it's not like that ES vs YM doesn't have adverse exposure. I don't see how this is emulating a micro contract when its really a bet of one against the other (ie a spread!)

How would devaluing the drachma have helped them here? I'd think they'd be more concerned about imports rather than exports. http://www.investingreece.gov.gr/default.asp?pid=56

Brackets are just a sequenced/triggered OCO order. There's an entry order which triggers another order. The other order is a limit + stop with OCO set. Any broker which can queue this on their side can handle "brackets." You're better off with IB, rather than Scottrade, IMO.

IMO this is not latency-arb because there's no alternate book from which to front run things on. It's not like the equities market where HFT can front run via direct feeds vs SIP. There's only one book here. At most the faster guys may be able to out arb each other in pure arb plays like...

Found that thread I was referring to: http://www.elitetrader.com/et/index.php?threads/scalping_my-way-with-acv.68098/

All I'm saying is that it usually moves towards the larger aggregate size. There are obviously cases where it moves strongly based on strong buying or selling but that's typically an exception.

Specifically to that last one - if by behind the move you mean bidders bidding up a price or sellers selling down a price and the book reflecting that with additional orders etc. I think you'll find it to be opposite of how it appears most of the time (moves in to size, not moves with size)...

Hey look guys, 2088! The real winners this week were the straddle sellers.

Yeah I really do think this guy should be fined and have his exchange access penalized for some period of time. This talk of 20+ year sentences and the like is absolute fucking madness!

It already hit 1.122 man. We're in pullback phase right now. If it goes lower my stop takes me out, well beyond break even.