hey HFT scum, yeah, you. Watch this

[Nofear777]

Quote from Anaconda:

You cannot be serious. Did you stick your head in the sand during the flash orders debacle? Exchanges offered a service where the HFTs would jump in right before a retail order and continuously front-run. Tin foil paranoia? How about plain ignorance and/or denial on your part?

Your bias is extremely heavy.

And its getting worse. How many examples are we seeing now of how guys putting in limit orders and being front run by a subpenny the entire time they step?

Its happens all the time.

 

[asiaprop]

seeing the precise same thing for quite some time. Saying it does not affect longer term position traders is blatantly ignorant...

Quote from Nofear777:

And its getting worse. How many examples are we seeing now of how guys putting in limit orders and being front run by a subpenny the entire time they step?

Its happens all the time.

 

[Nofear777]

Quote from walterjennings:

You need to stop using the term HFT when you are complaining about SPECIFIC market participants who have the ability to front run. Which I don't think actually exist, I have no clue how someone would glimpse orders coming into the market, and if they are doing it, they participating in insider trading and should be thrown in jail.

The fact is there are lots of us who trade 'high frequency trading' systems who are not doing anything illegal. Not front running, not glimpsing at orders coming into the market. (Though trading sub penny is just good for everyone). Again, you need to stop using the term HFT and start saying 'specific automated systems which participate in illegal activities'.

Wow... You seriously dont understand whats going on do you?

Yes. There are market participants who can see a retail order mili seconds before it hits the quotes. Just like they can trade in sub pennies , an exclusive party.

 

[Nofear777]

Quote from krazykarl:

^this. I also agree with the rebate comment someone made. Make no mistake: HFTs are the next evolution of MMs on ECNs.

Are you fking retarded? They are not required to make a market! They simply step away at the first salvo.
Hence, they are worthless as market makers. Thats devolution, not evolution.

 

[asiaprop]

but I think thats whats gonna happen, too. Do you think once regulation passes that those guys with their multi million investments will just step aside? Cockroaches always try to survive even in the gutter. They will change their approach to the market and lobby to become market makers instead. Many assets, especially listed options are already on auto-mode for years. Re-write some code and you have a full fledged market making engine without any human intervention whatsoever. Thats not necessarily bad. What is bad is what you described earlier, that a few select players can game the market by using unfair practices at the expense of everyone else.

As market makers of course those engines will have to start taking risk or hedge it away, something most options MM platform do every single day, already.

Quote from Nofear777:

Are you fking retarded? They are not required to make a market! They simply step away at the first salvo.
Hence, they are worthless as market makers. Thats devolution, not evolution.

 

[Nofear777]

Quote from science_trader:

talking of kid...

asiaprop


Registered: Apr 2009
Posts: 1149

Wtf does that mean? I joined in 2005 and was trading in 99.


How does that sentence that wasted my time and yours have anything to do with this thread? Ive read his points, and he sure as h*ll has more of an inkling of whats going on than you do.

 

[Nofear777]

Quote from science_trader:

well, even when you receive one answer on one particular point, you just deny and insult without knowledge. What is the incentive to answer to a bunch of self proclaimed truths? May I suggest you take your claims, back them with some solid analysis and publish an article? Then you may get some input... which you probably will not like anyway.

Here we go. Semantics time.

He made valid points. Why don't you disprove them. What disagreements do you have with the points he made?

 

[Nofear777]

Asiaprop, I enjoyed reading your posts in this thread.

With that good night.

 

[asiaprop]

thanks. However, I have no issues with anyone disagreeing with me. And I also get heated up in the course of the debate. No harm done.

I am just disappointed that I took the time to address a lot of points hoping for the guy to come back. It seems he preferred to stick to definitions rather than addressing the real issue at hand. Nobody in the media, congress, on TV, here even pointed fingers at some guys who like to collect rebates and like to play price makers. I think the HFT advocates know that yet they prefer to play word games...sad.

Quote from Nofear777:

Asiaprop, I enjoyed reading your posts in this thread.

With that good night.

 

[science_trader]

Quote from Nofear777:

Quote from science_trader:

talking of kid...

asiaprop


Registered: Apr 2009
Posts: 1149


Wtf does that mean? I joined in 2005 and was trading in 99.


How does that sentence that wasted my time and yours have anything to do with this thread? Ive read his points, and he sure as h*ll has more of an inkling of whats going on than you do.

As everyone can deduct easily from this one post, Nofear777 and asiaprop is the same person, sending compliments to each other.

Actually Nofear777/asiaprop is not a human being but probably one of these HFT machines that went mad and decided to take over the world creating a number of different logins on ET, proving itself right. Men beware, the Machines just invented self reproduction! They are everywhere now and if you believe in recent studies must represent something like 70% of the noise posted on ET!