Front Running Predatory Programs Need To End!

Quote from trendo:

A lot of your posts contain the above. What's that about? Is it a joke or sarcasm?:confused:
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It's about the ridiculous 2 minute++ between post limit on this board.

Some of us can actually type and chew gum at the same time.

Here, just got another few of them

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stock777 u just arent getting what is happening. here is a better example and this happens all the time now especially in less liquid names. i will be offered at .55 cents on edgx bid is .45 next offer is .60 a market order comes in and miraculously an offer will join my offer 100 shares goes off. take a guess who gets that fill. not me and i have time priority. that obviously doesnt mean anything anymore. i will get odd lotted all the time to get me out of the way and then they print around me.

another example which i think has to change. dark pools cannot be allowed to trade through anymore, even on hidden liquidity. if i am hidden smart at 50 on the offer and the bid is 25 offer 70. a dark pool shouldnt be allowed to execute past my .50 cent offer. dark pools should be required to take out all liquidity first that shows price improvement even if the liquidity is on a public exchange. i do know that through dark pools you can have more success in adding liquidity. what you need is a dark pool aggregator that has access to up to 40 pools with one order entry system. kind of a pain to have to access all pools individualy.
 
if u r adding liquidity, then getting frontrun is almost impossible to prevent these days.

taking , you should be able to get filled most of the time. these guys are complaining about taking stock and not getting it,.
 
The glaring obvious thing is to have ONE exchange only - ONE order book, with time priority - like the order book of CME for instance. ECNs adds nothing good to the greater whole of the market per se, although it provides opportunities to game the other market players.
 
Another idiot who read too many gloom and doom headlines for the past month and starts pointing the finger at someone else for his mishaps. Here's a tissue, get over it and stop trying to lure people in here with your idiotic title.
 
Quote from Clubber Lang:

That's not at all what the OP said.

It has nothing to do with edge or style. When you try to remove shares and someone sees your order and steps in and takes them it is FRONTRUNNING.

Plain and simple.
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I get it: the boxes on a particular ECN are stepping in before NBBO; you're missing my point. The bots are doing this on both sides of the trade so that arb opportunity is now a wash. If your trading style depends on fractions of a penny and flipping the trade in a few seconds then YOUR STYLE IS DEAD. This behavior is the natural evolution from people being able to trade in their underwear from anywhere on the planet. I'm really not trying to come of as an ass here but people need to stop bitching about this: it is what it is. Times have changed and I suggest that everyone who is being impacted adjust accordingly.
 
Quote from Nofear777:

My god.. how does the SEC let this go on ?

ITS ILLEGAL.
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It's very simple. The NYSE and other exchanges make money from this and stand to lose money if it is made illegal as they have made huge (football field size apparently) investments in co-location facilities for HF traders. HFT traders also it seems make money. You might want to ask if Investment banks might be beneficiaries of this in some way.............

So that is why we had this BS whitewash report on he flash crash in which it was found that HFT bots had absolutely nothing to do with it. So a nice respectable mutual fund was found to be the culprit because it would be inconvenient and expensive for some if HFT had been found to be responsible in any way.

For the benefit of the deal with it/you must be loser trader crowd I have dealt with it. I no longer deal in the US markets as I refuse to play in a casino where the house allows the big players to cheat. Or in simpler words I have decided that as far as I am concerned the US can stick its bent corrupt markets up its backside. I also operate in stocks below the institutional liquidity threshold.
 
Quote from krazykarl:

If your trading style depends on fractions of a penny and flipping the trade in a few seconds then YOUR STYLE IS DEAD.
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Why would this situation only impact traders flipping for a penny? If you miss getting a fill just as a stock is starting a move, you will likely have to chase more than "a fraction of a penny"

Everybody understands there will be competition for fills. Why should traders just shut up and take it when there is no semblance of fair competition here? Whether you are trading for a penny, a dime, or a dollar, should you simply accept that $$ is going to be stolen on every fill?
 
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