book : Speed Traders
- Thread starter syswizard
- Start date
I just ordered it... $16 on Amazon. I'm hoping it's a good read considering most other HFT books are all like $60.
If you guys have any HFT book recommendations, regardless of price, please PM me or write it on the thread. Thanks
If you guys have any HFT book recommendations, regardless of price, please PM me or write it on the thread. Thanks
I just finished Chapter 11....about the Flash Crash.
Bottomline:
Totally amazing how stupid the SEC is....especially Mary Shapiro.
She is one SFC (stupid..fu... you get the rest)
It's now apparent, especially post-Madoff.....that this gov't entity is totally about politics, not markets.
Nothing was mentioned about the CME's role in all of this....how they "forgot" to cap orders by FIRM, not just by trader.
It's obvious now that Waddell and Reed was aware of this "loophole" and took full advantage of it.
It almost appears as though the CME Group "paid-off" the SEC to look elsewhere.....into high frequency trading firms who were innocent in this case.
The CME was looking for a scapegoat.....of course.
Is this entity powerful ?
What a stupid question....
Bottomline:
Totally amazing how stupid the SEC is....especially Mary Shapiro.
She is one SFC (stupid..fu... you get the rest)
It's now apparent, especially post-Madoff.....that this gov't entity is totally about politics, not markets.
Nothing was mentioned about the CME's role in all of this....how they "forgot" to cap orders by FIRM, not just by trader.
It's obvious now that Waddell and Reed was aware of this "loophole" and took full advantage of it.
It almost appears as though the CME Group "paid-off" the SEC to look elsewhere.....into high frequency trading firms who were innocent in this case.
The CME was looking for a scapegoat.....of course.
Is this entity powerful ?
What a stupid question....
Flash crash was regular market forces. If you don't like how a market works, then find a different game to play.
Other markets crash all the time. Just because it's the stock market, someone needs to be blamed. You see this across all TFs. It's nothing new. The only thing new are the idiots bitching about it.
Other markets crash all the time. Just because it's the stock market, someone needs to be blamed. You see this across all TFs. It's nothing new. The only thing new are the idiots bitching about it.
There are some good white papers at this site http://papers.ssrn.com/sol3/DisplayAbstractSearch.cfm about the flash crash and other HFT topics.