hey HFT scum, yeah, you. Watch this

Quote from stock777:

theres something tighter, but its not the spread.
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Just because you can't trade against these HFTs without bitching doesn't mean you have to take it out on others.
 
Quote from sprstpd:

Cramer is such a freaking idiot along with the idiot senator he had on the show. HFTs make the bid/ask spread for me much tighter. Just because you are having problems trading against the HFTs does not make them "bad" as they are portrayed in this video segment. Again, I would like to reiterate that Cramer is a moron.
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Agreed. Cramer is a fucking tool. Saying 'where was the HTF liquidity' when the market crashed. I think he is confusing HTF traders who add statistical liquidity to the market 99.9% of the time with some dipshit willing to take a bullet for his lame ass.

If HTF runners want to pull their systems from the market in high volatility, its their choice. They are not market makers who agree to always have a bid/ask posted. And even the market makers will widen out their spreads to 50 cents+ if the volatility gets too high. I wish people who make their living off the market understood the fundamentals a little better.
 
Aren't the exchanges that provide liquidity like NYSE and NASD at a disadvantage because they can't just turn themselves off when the market gets wild and volatile?

Why can't they just level the playing field and have a big OFF switch for those guys too?
 
Quote from stock777:

dunno, walter sounding like someone deeply afraid his meal ticket aka 'racket' , aka 'scam', is in dire jeopardy.
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Really. I was thinking the same thing about you ;)
 
Quote from walterjennings:

You make the incorrect assumption that these HFT are merely traders. When your algorithm's value is driven 90-95% from providing service to the market, 5-10% risk or directional bets, its not surprising at all that some companies never see a monthly loss. [/B]
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i clearly made the assumption that they had running totals on longs and shorts in the market ,outstanding shares,larger orders trying to liquidate,they have all that inside info,...for some reason you didnt' mention it and tossed out some broken record of providing liquidity,, may 6 was probably a liquidation order that came up,you saw it got short and turned off your machines..
 
Sen. Ted Kaufman was born on March 15, 1939, in Philadelphia, PA, to Helen Carroll and Manuel Kaufman. He graduated from Duke University with a BS in mechanical engineering. He later earned an MBA from the Wharton School of the University of Pennsylvania.


So he's an engineer with a biz degree. Not so easy to bs with lots of talk about providing 'liquidity'.

You shysters will have to come up with a better reason to exist than that.
 
Quote from ammo:

i clearly made the assumption that they had running totals on longs and shorts in the market ,outstanding shares,larger orders trying to liquidate,they have all that inside info,...for some reason you didnt' mention it and tossed out some broken record of providing liquidity,, may 6 was probably a liquidation order that came up,you saw it got short and turned off your machines..
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Im on the same page with you if there was any type of front running or insider trading. I think that should be illegal and the markets should be fair for all participants. Just know that HFT /= Insider trading.
 
Quote from stock777:

Sen. Ted Kaufman was born on March 15, 1939, in Philadelphia, PA, to Helen Carroll and Manuel Kaufman. He graduated from Duke University with a BS in mechanical engineering. He later earned an MBA from the Wharton School of the University of Pennsylvania.


So he's an engineer with a biz degree. Not so easy to bs with lots of talk about providing 'liquidity'.

You shysters will have to come up with a better reason to exist than that.
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Lets hear your reason why YOU should be allowed access to the markets ;)
 
Quote from walterjennings:

I hear the invention of this 'motorized carriage' thing will make it hard for stage coaches to make a living. We should really step in and put a stop to this nonsense to protect these jobs.

But seriously. Anyone who is 'against HFT' really doesn't understand what they are talking about.
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Exactly.
 
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