hey HFT scum, yeah, you. Watch this

[brownegg]

Quote from jem:

the people who get to co locate computers

I *am* one of those people. Who needs to learn things?

and peak at the order flow.

That's "peek". Perhaps the disparity between our relative market accesses can be partly ascribed to grasp of spelling and grammar.

HFTs, except where flash and related exchange technologies are involved, don't get to see anything you don't. They just do it a lot faster.

If you want to talk about something unfair, talk about internalization of order flow. It's basically sanctioned theft, but CNBC and the crackpot websites haven't told you to be upset about it yet.

 

[ammo]

Quote from brownpile:

So you've never posted a bid or offer and then deleted it? You've never looked at the depth when determining where to place an order? not 5 per second

If you think Citadel is showing people order flow you're truly a moron. ameritrade is showing citadel its books

 

[brownegg]

Quote from ammo:

Quote from brownpile:

So you've never posted a bid or offer and then deleted it? You've never looked at the depth when determining where to place an order? not 5 per second

If you think Citadel is showing people order flow you're truly a moron. ameritrade is showing citadel its books

HAHA I SEE WHAT YOU DID THERE! What are you, six years old?

I said CIG is not showing out its flow. I also said internalization is a shitty practice for the little guy. CIG is an OFFENDER of what I said, although really the fault lies with ETrade, Ameritrade, Think or Swim (I think CIG sees their flow, not sure), etc.; yet you somehow deduced that you could argue with me and prove me wrong by saying the same thing but doing a terrible job of it.

Nice one.

 

[stock777]

rottenegg, you see, many of us are on to you.

I hear they pay you 5 cents a post to defend hft.

you must be posting many times on diff boards to make your rent.

here's a tip

we used to be proud of our Presidents

 

[kolnstyle]

I'm starting believe that HFT is becoming a meme for the uneducated masses to shift blame for their own failures.

Market didn't go the way you thought it would? IT'S HFT'S FAULT.
You lost money because your analysis was wrong? HFT FIXED THE MARKETS.
Order didn't get filled? HFT DID IT.
Your wife is cheating on you? HFT IS A DIRTY WHORE.
The Red Sox won the world series? HFT SABOTAGED THE GAME.
Greedo got killed in the cantina? HFT SHOT FIRST.

It's unfortunate, and expected, that most people don't understand the concept of network latency. Believe it or not kids, it takes time to transfer information over a distance. The farther away you are, the more time it takes for you to get that information.

Let's put it into simpler terms. Let's say that you have four people: Jack, Jane, John and Jill. Jack lives on a street that is twenty blocks away from Jill. John's street is two blocks away from Jill's. Jane's street (har har har, pun intended) is the same as Jill's. Let's say that Jill wanted to deliver notes to each of the other three by hand. It would take a very short time for Jill to deliver a note to Jane, as she lives on the same street. To deliver a note to John, Jill would have to wait at two crossings and travel two blocks to deliver the said note. In that period of time, she could have make more than one round trip delivering a note to Jane, or stopped and had a cookie with Jane. To deliver a note to Jack, Jill would have to wait at twenty crossings and travel twenty blocks. In that period of time, she could make dinner with Jane and have tea with John, or make a large number of round trips between her place and Jane's place and a smaller number of round trips between her place and John's place. If Jack were to move closer to Jill, it would take much less time for him to get those notes!

The notes are packets of information. Jill is the origin server of the packets. Jane is a server that is in the same datacentre as Jill. John is a server that is geographically close to the datacentre. Jack is a server that is far away from the given datacentre. Relocating John to be close to Jill or on the same street as Jill is colocation. By being colocated in the same datacentre as the given exchange, it's possible to execute orders faster and receive data faster because of proximity. It takes less time for a round trip, so one can do quite a bit more, while the others are still waiting on their data.

Remember kids, tinfoil is meant to be used for tasks such as the creation of delicious baked goods and the wrapping of meats when prepared in certain fashions. It isn't meant to be used for the creation of hats, unless you have an overactive imagination, in which case, you should be aware that your fantasies are just that—fantasies.

Sincerely,
—Your Neighbourhood Friendly Asshole, Kölnstyle.

Also, seeing that brownegg and WinstonTJ got a nickname, I think that it's wholly unfair that I go without one. I mandate that you use Der Kaiser as mine. That, or Perry Cox, as he tends to remind me of myself. We share many personality traits.

 

[ammo]

Quote from brownegg:

HAHA I SEE WHAT YOU DID THERE! What are you, six years old?

I said CIG is not showing out its flow. I also said internalization is a shitty practice for the little guy. CIG is an OFFENDER of what I said, although really the fault lies with ETrade, Ameritrade, Think or Swim (I think CIG sees their flow, not sure), etc.; yet you somehow deduced that you could argue with me and prove me wrong by saying the same thing but doing a terrible job of it.

Nice one.

ah,back to the old familiar i'm smarter than you, cold i thought you were healing or cured, sorry to see you back in your old form,.... i looked for the article, it may be in the first ten pages of this thread,ameritrade does show to citadel, just one of many examples,...i dont know how the sec doesnt see that as front running, my orders to my broker are to be private, i find out they are not, he's out of business, i guess that's old school today,and there are people defending it...you move trading away from the floor and there are a lot more uneducated sheep to fleece

 

[jem]

Quote from brownegg:

I *am* one of those people. Who needs to learn things?


That's "peek". Perhaps the disparity between our relative market accesses can be partly ascribed to grasp of spelling and grammar.

HFTs, except where flash and related exchange technologies are involved, don't get to see anything you don't. They just do it a lot faster.

If you want to talk about something unfair, talk about internalization of order flow. It's basically sanctioned theft, but CNBC and the crackpot websites haven't told you to be upset about it yet.

you always know you dealing with an irrelevant poster when they start in with the spell check arguments.

Try responding to the point I made about those who get a look at the order flow before the other market participants.

 

[stock777]

You also know you are 100% right on when they feel the need to create NEW nicks just to spout more drivel.

 

[kolnstyle]

Quote from stock777:

You also know you are 100% right on when they feel the need to create NEW nicks just to spout more drivel.

I take offense to this, as I'm not some sockpuppet of those two other posters. Go ahead and crosscheck with the administration if you honestly believe that I'm some random new account created by them. In addition, I strongly suggest that you directly respond to the claims made in this thread, rather than just posting naked "evidence" without any analysis and relying on ad hominem attacks to get your "point" across.

 

[WinstonTJ]

Quote from jem:

you always know you dealing with an irrelevant poster when they start in with the spell check arguments.

Try responding to the point I made about those who get a look at the order flow before the other market participants.

#1 - your spelling and grammar are horrible.

#2 - people who look at retail order flow (though I'm not defending them and I think its wrong) take on a certain amount of risk - the problem is that the reward is far greater than the risk they take. Institutional order flow is different, I still think there is a skew between risk/reward but there is a need.

Interactive Brokers - Timber Hill
Etrade - Citadel
ToS - Citadel (and others)
Ameritrade - Citadel (and others)

^^^ they are all fleecing you. The only reason they have not is because they pay the advertisements on CNBC...

You people need to learn a thing or two and drop the flash orders argument - yeah... it happened, it was wrong, still is wrong, its being phased out/banned so drop it.

The ONLY people that get to see order flow and decide whether or not they want to trade on it or pass it on are shops that internalize (even some shady prop firms have tried this in the past).

Its really a joke that people like 777 aren't banned from ET. The information is false, the person posting has no clue and the moderators don't enforce. 777 I welcome you to come to NYC and see how things really work. I've sent you PMs trying to talk to you and you ignore me because you like to copy/paste zerohedge more than you like to learn. Its obvious to most that you don't have a clue about the markets and the sad thing is that your misinformation might actually hurt another person's trading or cause someone to form a false opinion based on lies and BS.