hey HFT scum, yeah, you. Watch this

The HFT article you posted is by no means light reading, but is well worth it. Thanks a ton for linking that. I very much enjoyed it!

HFT companies have become a powerful force in the business, making it very difficult to publicly speak out against the specific market structural issues that are harmful. The Themis team should be applauded.
 
They really need to stop labeling it the "HFT" problem and start calling it the "unfair equities market structure" problem or something like that.

Speed has never been the problem.I have never heard any valid case against high speed trading on futures because exchange rules are almost perfectly fair and transparent. First in First out( or other clearly defined algo ), same access for everyone, if someone is faster than you then he merits to get the fill...

The public is getting scared of the way the market are working today, see it like skynet getting autonomous and attributes it to "fast"trading whereas the problems are just some undue microstructure advantages that could be fixed ASAP.
 
Quote from TraDaToR:

They really need to stop labeling it the "HFT" problem and start calling it the "unfair equities market structure" problem or something like that...whereas the problems are just some undue microstructure advantages that could be fixed ASAP. [/QUOTE

Agreed. Congress is completely ignorant to the issues, and public outrage is huge. Meanwhile, the term HFT continues to expand in its meaning to include everyone and everything that uses hi-speed computers. It is the responsibility of the knowledgable industry participants to root out the specific structural issues in the equity and equity options markets, as well as differentiate these issues from the many legit functions of hi-speed market participants.

If we can't do this succesfully, we run a risk of a regulatory race to the bottom which could include transaction taxes, trading speed bumps and other such horrible, though well-intentioned ideas.
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Quote from Jerkstore: ... and public outrage is huge.
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It is??

Maybe the "trader" public. Everyone else is a little more concerned with such unimportant things ........ like a job.

Meanwhile I read somewhere yesterday (don't recall the source) that a higher up type at the SEC went to work for a HFT recently and the commentary was don't believe the govmint will be doing anything substantial anytime soon about HFT.
 
The table has tilted, folks. The game is rigged and nobody seems to notice. Nobody seems to care. Good, honest, hard-working people: white collar, blue collar, it doesn’t matter what color shirt you have on. Good, honest, hard-working people continue — these are people of modest means — continue to elect these rich cocksuckers who don’t give a fuck about them. They don’t give a fuck about you. They don’t give a fuck about you. They don’t care about you at all! At all! At all! And nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes every day, because the owners of this country know the truth. It’s called the American Dream, 'cause you have to be asleep to believe it.
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http://en.wikiquote.org/wiki/George_Carlin
 
I've said it a million times

co location is a scam

they need to create a system where quotes are DELAYED enough to everyone so that no one has a huge edge by sitting inside the matching engine. And bids/offers must stay for at least a certain time. Dont know what that is 1 second , .5 seconds, something so that the billion dollar funds dont have a huge edge.
 
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