hey HFT scum, yeah, you. Watch this

http://www.tradersmagazine.com/news...hms-stealth-superx-jose-marques-106043-1.html


bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs
 
Quote from brownegg:

Lies? Point to one. I think your tinfoil hat needs adjusting. Or maybe you just can't see clearly through the tears.
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I was referring to winston the hft smoker. You're not him using an alias are ya>
 
Quote from Joovenile Jatt:

I got nothing against HFT's persay, but if it is true that they have access to data milliseconds earlier than the rest of us, and hence can put an order in BEFORE an order that they see coming, then that's downright insider trading right there and they should be put in jail. Does anyone have any actual hard proof that this is what is occuring?
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The actual crime would be front running.

No, I'm no fan of the HFT's.

Hopefully some MIT genius will be able to point out whether or not hft's are front running.

This article is almost a year old, but raises some valid points against hft http://market-ticker.denninger.net/archives/1259-High-Frequency-Trading-Is-A-Scam.html
 
Quote from stock777:

http://www.tradersmagazine.com/news...hms-stealth-superx-jose-marques-106043-1.html


bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs bot vs
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what I don't understand when I see numbers like 70% of all volume is algo/bot trading, is who are they competing against? How are they making money if they account for a majority of the volume?
 
Quote from LEAPup:

The actual crime would be front running.

No, I'm no fan of the HFT's.

Hopefully some MIT genius will be able to point out whether or not hft's are front running.

This article is almost a year old, but raises some valid points against hft http://market-ticker.denninger.net/archives/1259-High-Frequency-Trading-Is-A-Scam.html
More...

Flash orders are indeed total crap, and should be illegal.

Also, "providing liquidity" isn't really an accurate description, because it's a side effect, not the intent. But it's there.

What IS true is that HFT, even in the bogus Broadcom piece, makes markets more efficient. Why should it take a long time to go from $26.20 to $26.40? The algos just figure out that's where it's going faster than humans can.

re: doing 70% of the volume, that's a reflection of holding periods decreasing. Measuring volume by time is only one way to do it. Much more interesting is volume per price move, etc.
 
Quote from brownegg:

Much more interesting is volume per price move, etc.
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Ok, I'm curious. How might one do this?

If we could do away with flash quotes and internalization we'd be much better off. Bonus points to equally regulate dark pools as exchanges.
 
Quote from Jerkstore:

Ok, I'm curious. How might one do this?

If we could do away with flash quotes and internalization we'd be much better off. Bonus points to equally regulate dark pools as exchanges.
More...

I agree with all that.

re: vol/px, there are lots of ways to look at things "differently". Plot price as range bars with volume underneath. Or point and figure charts the same way.

Vanilla bar charts are kinda a lame "middle ground". If you want to look at time, look at Market Profile or survival stats. If you want to look at price, see above. Etc.
 
Quote from brownegg:

Flash orders are indeed total crap, and should be illegal.

Also, "providing liquidity" isn't really an accurate description, because it's a side effect, not the intent. But it's there.

What IS true is that HFT, even in the bogus Broadcom piece, makes markets more efficient. Why should it take a long time to go from $26.20 to $26.40? The algos just figure out that's where it's going faster than humans can.

re: doing 70% of the volume, that's a reflection of holding periods decreasing. Measuring volume by time is only one way to do it. Much more interesting is volume per price move, etc.
More...
that 70% is getting in and out multiple times for pennies, increasing the volume,the majority of it ,the hft trades
 
Quote from Jerkstore:

Ok, I'm curious. How might one do this?

If we could do away with flash quotes and internalization we'd be much better off. Bonus points to equally regulate dark pools as exchanges.
More...
dark pools were supposedly invented to protect the larger customers moving excessive amounts of stock,in reality they are sandbagged by the hft's with the same darkpool info
 
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