hey HFT scum, yeah, you. Watch this

Quote from jajuanm2:

Do pit traders front run?
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^^^Best post of the thread!

Quote from stock777:

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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777 You seem to have a solid understanding of the Ctrl C and Ctrl V functions on your keyboard but not a very good understanding of HFT, Flash Orders/Trading, Co Location, Automated Trading, Algo Trading, etc. etc.

Flash orders have already been addressed by the regulators - do you disagree with the ruling? (outside Dark Pools)

HFT is one of the most misused terms out there. Just because you can't click your mouse fast enough to trade it does not equal HFT.

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? What you propose/complain about does not make sense.

As a service provider the Exchanges try to offer the best execution and market data to every subscriber whether it be to seated members or to data subscribers. Exchange data is available to all subscribers at an equal speed/rate. Do you disagree? In other words - the NYSE does not give Goldman data faster than it gives data to ML/BofA or any other subscriber for that matter. The Exchanges provide data at the same speed and latency to all subscribers.

How exactly is the exchange/data provider responsible for you not wanting to pay up to receive data at the speed they deliver? Is it the NYSE's problem that you choose to execute in podunk nowhere with a higher latency than people who choose to execute in close proximity? The exchanges are service providers who strive for efficiency - how exactly do you think that slower execution, backlogs of orders and slower data delivery will improve the markets?

This has nothing to do with the exchanges or HFT - its all drama created by the media because they refuse to focus on real global news & issues. Cramer is an idiot and to blame this on HFT is a joke. You need to stop using the Ctrl C & Ctrl V and start learning.

What would have happened if the NYSE had not halted & routed outside?
 
Quote from stock777:

take your pompous bullshit where it will be appreciated. i smell you a mile away.

here's more proof that I'm 100% right, and the apologists here are shills and thieves.


http://www.zerohedge.com/article/ho...6-and-threatens-destroy-entire-market-any-mom
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ZH is a joke, it is not a credible source for anything without first placing your tin foil hat on your head.

EDIT: Are you going to answer the questions I asked you or just call names and increase your post count?
 
shmuck, that study does not emanate from the zh clowns.

your credibility is zero.

were you named after Churchill or the cigarette?
 
Quote from stock777:

shmuck, that study does not emanate from the zh clowns.

your credibility is zero.

were you named after Churchill or the cigarette?
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Did you read the article? Do you know why and when a quote is generated and what constitutes a new quote? Do you have any clue how many quotes there are on average in a second compared to that day or are you just using their numbers as a blind reference because they seem high?

The article is BS, the facts are barely presented and it is not always possible to tell what is fact (there is no source reference) versus some tin foil hat idiot presenting his/her opinion as fact.

You either didn't read the article, read it and don't understand the article or the markets or are just trolling ET in general.
 
I have never seen a bigger bunch of cry babies in my life.

Here is a start for everyone who is complaining about bots pennying their orders.

If you see a bot pennying your order it is real simple to get rid of it and turn a profit at the same time, here is an example:

If i am bidding 35.24 on some stock and the offer is 35.28 and the second i post my bid some bot jumps in front of me and pennies me there is easy free profit to be made. Keep on posting a bid on the level he walks it up to with a thousand or 2 thousand shares and walking the bot up until it hits a level where it wont go any higher, offers generally lift based on the 2 thousand share bid, then smack the bid, for everything he has and drop all your bids, flip a couple thousand shares to the offer, and some other bot (if not the same one) will penny you the other way and it is an easy out for 5-10 ticks on 500-1000 shares, you just made an almost risk free 25-100 dollars with the only risk being that someone actually takes your shares you posted to force the bot up, this rarely happens if you are quick on the keys. Plus i make damn sure the only time it happens to me is on the side i want the position anyways, so worst case scenario i forced the bot up and got my long anyways.

I used to make a ton of money raping these bots when i just started, though it has gotten a little tougher since liquidity has dried up quite a bit the opportunity still presents itself atleast a couple times a day to me on the nasdaq, it may not be much, but once in a while you catch one of these bots which will penny you all day and you can rake this asshole over the coals a hundred times or more for 4-5 ticks every time, in a single day.

It isnt rocket science, you dont like what someone else is doing, figure out a way to beat them. Dont come on to elite trader crying because you cant make money due to someone elses trading activities, that is the whole concept of the market everyone has a different idea. Would you cry about it if someone stepped in and decided to sell a million shares just as you picked up a long? perhaps we should outlaw that too.

Another thing you can do is post a bid for a couple hundred shares when you are trying to sell 500-1000 shares, if someone pennies you try seeing if he will penny you further push him up even higher and get rid of your shares, 3-4 ticks higher every single time.

Generally if someone is pennying you it is because there is momentum in that area of the stock, so if you are buying and someone is trying to penny you, it is a decent sign that the stock wants to go in the direction that someone is front running you, you can gain solid clues for a position by paying attention to areas where these guys want to jump in front of you, and often times i will just hit the offer when it is happening knowing that i am in a spot where there is solid momentum.

Another way to get around them is by posting your bid/offer on edgx, i have found throughout the years that these bots tend to move around based on either arca or nsdq quotes, if you post an edgx bid/offer it will rarely be the cause of bots jumping in front of you, if you dont believe me give it a try, it is very rare that an edgx bid/offer will cause bots to jump in front of you.
 
ELITE TRADER C.S.I.

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Generally if someone is pennying you it is because there is momentum in that area of the stock, so if you are buying and someone is trying to penny you, it is a decent sign that the stock wants to go in the direction that someone is front running you, you can gain solid clues for a position by paying attention to areas where these guys want to jump in front of you, and often times i will just hit the offer when it is happening knowing that i am in a spot where there is solid momentum.

Another way to get around them is by posting your bid/offer on edgx, i have found throughout the years that these bots tend to move around based on either arca or nsdq quotes, if you post an edgx bid/offer it will rarely be the cause of bots jumping in front of you, if you dont believe me give it a try, it is very rare that an edgx bid/offer will cause bots to jump in front of you.
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can you please describe "pennying"?
is it executions subpenny higher than your order?
Thank you!
 
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