hey HFT scum, yeah, you. Watch this
- Thread starter stock777
- Start date
You read Barron's? Let me guess: Abelson is bearish.
Barron's has to be amazingly profitable... AA has written the exact same editorial for 15+ years, and then they ask a bunch of index-underperforming mutual fund managers what they think, then regurgitate LOLWEEKLY price info. Then there's always the sage wisdom of the Strike Price or whatever.
I don't think I've seen the inside of a Barron's in the last ten years. That's really the best you can do?
that study claimed there were thousands of quote changes in a second.
if you'd like to defend that , go ahead. you just prove my thesis. Al Capone also liked to defend his rackets. In fact there isn't a scammer or thief out there that would not put up the same defense you do. "You don't understand, I'm a good guy, just making an honest living"
During May 6, there were hundreds of times that a single stock had over 1,000 quotes from one exchange in a single second. Even more disturbing, there doesn't seem to be any economic justification for this. In many of the cases, the bid/offer is well outside the National Best Bid/Offer (NBBO). We decided to analyze a handful of these cases in detail and graphed the sequential bid/offers to better understand them. What we discovered was a manipulative device with destabilizing effect."
if you'd like to defend that , go ahead. you just prove my thesis. Al Capone also liked to defend his rackets. In fact there isn't a scammer or thief out there that would not put up the same defense you do. "You don't understand, I'm a good guy, just making an honest living"
During May 6, there were hundreds of times that a single stock had over 1,000 quotes from one exchange in a single second. Even more disturbing, there doesn't seem to be any economic justification for this. In many of the cases, the bid/offer is well outside the National Best Bid/Offer (NBBO). We decided to analyze a handful of these cases in detail and graphed the sequential bid/offers to better understand them. What we discovered was a manipulative device with destabilizing effect."
I've asked you several times now and you have not answered which further leads me to believe that you don't understand the topic of this thread.
Do you know what is a normal quote/order volume (relative to overall market volume) for the stocks in question? The article has no author, gives little to no facts and offers only opinion.
What is normal quote message volume for a stock in question as compared to the "over 1000 quotes per second" that is used? How correlated is the overall market volume to the volume of the stocks in question?
My trading isn't even remotely close to HFT. The only reason why I automate is because it allows me to execute more trades than I could manually execute - not faster execution, just more executions than I can click. The personal attack thing isn't really working and makes you look foolish.