hey HFT scum, yeah, you. Watch this

WinstonTJ · Jul 27, 2010

Quote from stock777:

keep playing dumb. since you have no legitimate retort, that is your best shot, albeit a feeble one.

excerpt from themis blog

"We canât help but fear that the leadership all around our equity markets (actually it is not confined to our equity markets) is lacking this crucial tool. Exchanges pursue strategies of catering and arming a subset of hyper traders with any and all means, as this will amp up their immediate volumes and profitability. Next quarterâs earnings for all of them are therefore maximized. In the process however, the exchanges are facilitating the destruction of the field. The markets are dying, their chief role of capital formation having been abdicated. Amazingly the exchanges will not only kill off their sustenance, but also themselves. This unfortunately has consequence outside their playground."

I said it better when I titled the thread hft scum, but they have to fill more space.

Are you going to answer my questions?

stock777 · Jul 27, 2010

I've answered questions, you ignore them
'
Ask 1 at a time, don't give me a laundry list

WinstonTJ · Jul 28, 2010

Quote from stock777:

I've answered questions, you ignore them
'
Ask 1 at a time, don't give me a laundry list

With regards to data/quote delivery, if I subscribe to NYSE data over a 56k dialup with 1800ms latency are you suggesting that the NYSE slow down their quotes to the rate of the slowest subscriber?

stock777 · Jul 28, 2010

Yes.

Anything else?

stock777 · Jul 28, 2010

Now that we've dispensed with the shills stupid question, here's some more fact.

http://blog.themistrading.com/?p=1203

I figured out lots of this on my own years ago, but nice to see others catching up.

Better late than never.

A stitch in time saves nine.

WinstonTJ · Jul 28, 2010

Quote from stock777:

Yes.

Anything else?

How would you go about doing that in a way that is fair to ALL market participants? I'm looking forward to you telling me how to make the impossible possible.

stock777 · Jul 28, 2010

So your solution to unfairness is to encourage it? Bless it?

At least we know where you're coming from.

WinstonTJ · Jul 28, 2010

Quote from stock777:

So your solution to unfairness is to encourage it? Bless it?

At least we know where you're coming from.

Answer the question. How exactly can you delay quotes and how exactly can you distribute delayed quotes to ALL market participants equally so that everyone receives data at the same time?

Personally I think that this is a stupid idea because #1 its not physiclly possible and #2 there is no way (ever) to delay quotes to people on the floor, therefore by delaying quotes to the rest of the world you would enable them to steal from the little guy on a scale so much greater than pre-fast internet.

I've asked several times before in this thread - how do you account for bandwidth and latency? You just said "yes" to me but that really says nothing other than you don't know what you are talking about. If I have a 1.8 second latency and I'm on 56k dialup with bandwidth restrictions, how would the NYSE know what my connection is? How would the NYSE be able to deliver quotes to an entire trading floor in NYC at the same exact speed as I got them in Cali or Oregon over 56k dialup?

Your answer makes no sense and you are digging your hole deeper.

TraDaToR · Jul 28, 2010

Stock777, have you got some more in-depth on this algo that manipulate corn market without even moving it one tick? I couldn't sleep yesterday.

brownegg · Jul 28, 2010

The best part of this is that Themis keeps being pointed to as a source of information. Oh, and ZeroHedge.

What I don't get are stock777's motivations. You just continually out yourself as ignorant, and when called on it, pile on more.