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2rosy said:
I heard the argument of front running but never see it in practice or even explained on how to do it. Can you explain how to front run exchange traded securities?
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Hi,

HTF traders can screw up the traders/investors using various techniques. Here are the main three:

Latency arbitrage: By using their high-speed and sophisticated technology/algos, they can see information about trades a fraction of a second before they are actually completed and announced to the public. This allows them to buy the assets out right from under the initial buyer and then sell them at a profit a fraction of a second later.

Electronic front-running: the HFT firm simply races ahead of a large order on an exchange, scoops up all the shares that the different other exchanges are offering (let's assume it's a buy order) then it sells them to the trader/investor and pockets the difference, again in less than a fraction of a second.

Rebate arbitrage, when the HFT firm captures the liquidity rebates that the exchanges offer but without really contributing to liquidity.

Also note that the technology behind the HFT is so complex and their algos are so secret that even the pros or their own employees have a hard time understanding what is truly going on... :cool:
 
Tradex said:
Hi,

HTF traders can screw up the traders/investors using various techniques. Here are the main three:

Latency arbitrage: By using their high-speed and sophisticated technology/algos, they can see information about trades a fraction of a second before they are actually completed and announced to the public. This allows them to buy the assets out right from under the initial buyer and then sell them at a profit a fraction of a second later.

Electronic front-running: the HFT firm simply races ahead of a large order on an exchange, scoops up all the shares that the different other exchanges are offering (let's assume it's a buy order) then it sells them to the trader/investor and pockets the difference, again in less than a fraction of a second.

Rebate arbitrage, when the HFT firm captures the liquidity rebates that the exchanges offer but without really contributing to liquidity.

Also note that the technology behind the HFT is so complex and their algos are so secret that even the pros or their own employees have a hard time understanding what is truly going on... :cool:
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1) You're saying orders are published as filled before they are filled? Can those fills be cancelled too?
2) Is this large order a resting limit order? Or do people place large market orders?
3) How can a firm get a rebate without expected criteria? What exchange is this for?
don't look behind the green curtain
 
ajacobson said:
The gold standards are Bloomberg and Reuters, but surprisingly CNBC with all the NBC bureaus is quite good as is Bloomberg TV.
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Only if you like Cramer. I get Bloomberg TV, free, through IB TWS. Internationally oriented, very well done (I actually learn about the world). And NO useless clowns like Cramer...

My quality of life has improved, not having to see and listen to this moron, on a daily basis. You might want to give it a try!
 
I use sterling trader pro for news, I isolate the stocks I want to see - however, I'm unsure if it's "the fastest" because I do see volumes get pumped ~5min after the news hits my trading platform. I am curious how quickly ben pro shoots out news - is it 5min? 10min? 15min? 1min?... I would pay another $150/m to get news a few min faster from sterling to Ben if it was <5min. I am not sure I would pay 2K for "instant" news from reuters.

Hope the trolls will shut up and throw down some real answers that can anchor facts.
 
ChipShotTrader said:
Only if you like Cramer. I get Bloomberg TV, free, through IB TWS. Internationally oriented, very well done (I actually learn about the world). And NO useless clowns like Cramer...

My quality of life has improved, not having to see and listen to this moron, on a daily basis. You might want to give it a try!
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compare Bloomberg tv between amazon fire or a smart tv and IB TWS. It is at least five minutes delayed on IB.
 
Here's a brand new extension for the Chrome browser giving you updates about (legal) insider trading within a minute after filings have been reported by insiders:
link
 
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